A disadvantage of sole proprietorships is:
a. getting a charter
b. limited liability
c. inability to maintain enough inventory
d. ease in entering and leaving business
Ans: c. inability to maintain enough inventory
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Buying a house during a recession may be a good idea if your job seems secure because the Federal Reserve often lowers interest rates during a recession
Indicate whether the statement is true or false
Which of the following is an argument against MNCs?
(a) A reduction in inequality. (b) An increase in the use of labor intensive technology. (c) A deterioration of the balance of payments accounts. (d) An increase in government tax revenue. (e) None of the above.
Which of the following best explains how income inequality is calculated?
a. Measure the gap between middle income families and the near-poor b. Compare those with middle incomes to those with low incomes c. Compare those with high incomes, middle incomes, and low incomes d. Estimate the income of those just above and just below the poverty line
Which of the following sequence of events follows a rise in the discount rate?
A. r? ? I? ? AE? ? Y? B. r? ? I? ? AE? ? Y? C. r? ? I? ? AE? ? Y? D. r? ? I? ? AE? ? Y?