The legal concept of limited liability is important in which of the following types of business organizations?
A. Partnerships
B. Monopolies
C. Corporations
D. Sole proprietorships
Answer: C
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Refer to the figure below. 
In the figure, a business cycle trough is shown by which point(s)?
A. D only B. B and D C. A and C and E D. A only
A key objective of the gold standard was to
A) create a flexible exchange rate system between countries. B) create a fixed exchange rate system between countries. C) allow nations to maintain their gold reserves. D) allow nations to tax its citizens in gold.
Keynesian economists (as opposed to monetarist economists) argue that
A. the economy will quickly return to equilibrium via natural forces. B. the government should use macro policy to keep the economy from getting too far from full employment equilibrium. C. monetary policy should be used according to strict rules. D. Keynesian economists argue all of these statements.
If demand decreases and supply increases, which of the following is correct? Question 10 options:
A. The equilibrium price falls but the impact on the equilibrium quantity is ambiguous. B. The equilibrium price rises but the impact on the equilibrium quantity is ambiguous. C. The equilibrium quantity increases but the impact on the equilibrium price is ambiguous. D. The equilibrium quantity decreases but the impact on the equilibrium price is ambiguous. E. The equilibrium price falls and the equilibrium quantity decreases.