If the personal assets of the owners can be claimed if the business is bankrupt, the owners are said to have
A) unlimited liability.
B) a corporation type of business.
C) limited liability.
D) separation of ownership from control.
Answer: A
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A natural event, such as earthquakes and floods, can trigger a business cycle, according to advocates of the
a. external cycle theory b. housing cycle theory c. innovation cycle theory d. internal cycle theory e. real business cycle theory
Figure 11-7
The firm shown in Figure 11-7 is an unregulated monopolist; it totals equals _____ .
A. $300 B. $600 C. $400 D. $625
Other things the same, if the price level falls, people
a. increase foreign bond purchases, so the dollar appreciates. b. increase foreign bond purchases, so the dollar depreciates. c. increase domestic bond purchases, so the dollar appreciates. d. increase domestic bond purchases, so the dollar depreciates.
A factor of production that is produced in order to produce something else is called:
A) money. B) labor. C) technology. D) capital.