______________ elect the firm's board of directors, and ______________ appoint the firm's management
a. Sole proprietors; partners
b. Partners; sole proprietors
c. Employees; employers
d. Management; the board of directors
e. Stockholders; the board of directors
E
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Which of the following assets is the most liquid in the United States?
A) U.S. Treasury Bonds B) corporate bonds C) U.S. currency D) an antique car
Refer to Table 2-13. What is Horace's opportunity cost of grooming a dog?
A) half a bathed cat B) two bathed cats C) one and a half bathed cats D) two-thirds of a bathed cat
An oligopolistic industry is characterized by a few large firms acting independently
Indicate whether the statement is true or false
Exclusive rights of ownership that allow the use, transfer, and exchange of property are called
A) common property rights. B) nonexclusive property rights. C) private property rights. D) public property rights.