Which of the following is a difference between corporations and partnerships?
a. Partnerships are subject to double taxation; corporations are not.
b. With partnerships, ownership rights are divisible and easily transferable; this is not true for corporations.
c. Corporate owners face limited liability; owners of partnerships do not.
d. Corporations always have more owners than partnerships.
C
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Assume a one year U.S. bond pays 4.0% interest and a similar U.K. bond pays 5.2% interest. Which of the following changes will establish interest rate parity?
a. The British pound would be expected to appreciate by 1.2% against the U.S. dollar. b. The U.S. dollar would be expected to depreciate by 1.2% against the British pound. c. The British pound would be expected to depreciate by 1.2% against the U.S. dollar. d. The British pound would be expected to appreciate by 9.2% against the U.S. dollar. e. The U.S. dollar would be expected to appreciate by 9.2% against the British pound.
To economists, the resource category land includes all of the following except: a. trees
b. a sawmill. c. a water body. d. a limestone deposit.
Which of the following are not methods of dealing with externalities?
a. relying on voluntary compliance b. creating new property forms c. taxing the output of industries that pollute d. creating legal environmental standards e. increasing public spending on cleanup/reduction
A tax on buyers shifts the demand curve and the supply curve
a. True b. False Indicate whether the statement is true or false