It is likely that the owners have little to do with the day-to-day management of a firm in the case of

A) partnerships only.
B) proprietorships only.
C) corporations only.
D) partnerships and corporations.


Answer: C

Economics

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Suppose penalties are imposed on both buyers and sellers of marijuana, but the cost of breaking the law to sellers is greater than that to buyers

This measure will ________ the equilibrium price of marijuana and ________ the equilibrium quantity of marijuana sold. A) lower; increase B) raise; increase C) raise; decrease D) not change; will decrease

Economics

After 1926, a decline in total building construction occurred even though building costs remained fairly stable

Indicate whether the statement is true or false

Economics

When you choose the best action for each situation

a. situational leadership b. participative leadership c. autocratic leadership d. laissez faire leadership

Economics

Answer the following questions true (T) or false (F)

1. If inflation is higher than expected, this helps borrowers (by reducing the real interest rate they pay) and hurts lenders (by reducing the real interest rate they receive). 2. The costs to firms of changing prices are called menu costs. 3. If inflation is unanticipated, no redistribution of income can occur.

Economics