The only type of business that faces limited liability is a corporation

Indicate whether the statement is true or false


TRUE

Economics

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The market demand curve in a perfectly competitive market is ________ and the demand curve for a perfectly competitive firm's output is ________

A) downward sloping; downward sloping B) downward sloping; horizontal C) horizontal; downward sloping D) horizontal; horizontal E) downward sloping; upward sloping

Economics

Full employment is not considered to be zero unemployment, because

A) some people do not want a job. B) people do not find jobs instantaneously. C) some cyclical unemployment always exists. D) there are not enough jobs for everyone who wants one.

Economics

Most people buy insurance because they

a. are risk lovers b. enjoy the gamble c. are risk neutral d. want to avoid gambles

Economics

The discount rate utilized in public sector budgeting performs the functions of:

a. allocating funds between the public and private sectors b. allocating funds between present consumption and investment (i.e., future consumption) c. allocating funds between debt and equity securities d. a and b only e. none of the above

Economics