Which of the following is a disadvantage of the corporation compared to the sole proprietorship?
a. limited liability
b. difficulty raising start-up money
c. lack of profitability
d. corporate income is taxed twice
e. corporations are more vulnerable in the case of the death of an owner
D
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Which resource generates the largest share of the income in the United States?
a. labor b. land c. capital d. entrepreneurial ability e. money
Efficiency means everyone in the economy should receive an equal share of the goods and services produced
a. True b. False Indicate whether the statement is true or false
Reasons for the rapid structural change in financial markets in recent years include all of the following except:
A. globalization. B. technological advances in computing. C. high real interest rates. D. technological advances in communication.
If a firm offers quantity discounts or special promotional allowances only to favored distributors and the effect is to substantially lessen competition, then it is in violation of the:
A. Clayton Act. B. Robinson-Patman Act. C. Sherman Antitrust Act. D. Celler-Kefauver Act.