The possible double taxation of income is a disadvantage for
A) sole proprietorships and partnerships. B) partnerships and corporations.
C) sole proprietorships and corporations D) corporations.
D
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Which economic concept is the closest to the saying, "There's no such thing as a free lunch"?
a. Specialization b. Unlimited wants c. Underutilization of resources d. Opportunity costs e. Overutilization of resources
The monetary transmission mechanism that assumes that money supply growth stimulates the economy primarily by encouraging investment is
A) the classical transmission mechanism. B) pre-Keynesian transmission mechanism. C) the interest-rate-based transmission mechanism. D) the post-Keynesian transmission mechanism.
When the price of one good decreases, such as hot dogs, it may also increase the demand for other, related goods, like mustard.
Answer the following statement true (T) or false (F)
A vertical demand curve results in
A) no change in quantity when the supply curve shifts. B) no change in price when the supply curve shifts. C) no change in the supply curve being possible. D) no change in quantity when the demand curve shifts.