All of the following are advantages of partnership EXCEPT? _____.
A. high liquidity results in longevity
B. by forming a? partnership, there are increased chances of longevity of business
C. forming a partnership is almost as simple as establishing a sole proprietorship
D. by forming a? partnership, there is an opportunity to share costs
E. income tax is straightforward for partnerships
A. high liquidity results in longevity
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Which of the following is likely to happen if the government lowers tax rates?
A) Price level will fall. B) Investment will decrease. C) Consumption will increase. D) Unemployment will increase.
Suppose that the current price level is 110, real GDP is $100 billion, and long-run aggregate supply is $95 billion. We can conclude that
A) the price level will fall and input prices will rise until real GDP pulls long-run aggregate supply up to $100 billion. B) aggregate demand will increase until both short-run and long-run aggregate supply equal $100 billion. C) the price level will fall until long-run aggregate supply shifts to $100 billion. D) input prices will rise until real GDP is $95 billion.
When production does not proceed on the basis of comparative advantage, resources are expended on their most efficient uses
a. True b. False Indicate whether the statement is true or false
To avoid a coordination failure, the intentions of savers and investors must be both
a. increasing. b. at their planned levels. c. more than full employment GDP. d. at levels set by the government.