One advantage of a partnership over a sole proprietorship is:
A. ease of formation.
B. limited liability.
C. greater accountability.
D. the ability to share the work and risks of business.
Answer: D
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Which of the following is probably the best example of a free good?
A) The air in your college classroom B) A can full of garbage put out for trash collectors C) Interstate highways D) Free concert tickets, which were given to you by a friend
A good that would be counted as consumption in GDP would be the:
A. Subway sandwich Tony ate for lunch. B. $10 Tony received after winning a bet with his friend. C. $50 in wages Tony received that day from working all afternoon. D. common stock Tony purchased for his 401(k).
Managers should attempt to maximize market share
Indicate whether the statement is true or false
A government budget deficit will lead to:
a. an increase in the supply of loanable funds and an increase in real interest rates. b. a decrease in the supply of loanable funds and an increase in real interest rates. c. an increase in the supply of loanable funds and a decrease in real interest rates. d. a decrease in the supply of loanable funds and a decrease in real interest rates.