Which of the following is NOT an advantage of a proprietorship?
A) They are easy to form and dissolve.
B) Decision-making resides with one person—the owner.
C) Liability of the owner is unlimited.
D) Profits are only taxed once.
C
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The Roomba 570 is a robotic vacuum cleaner made and sold by iRobot. It can vacuum 4 rooms on a single battery charge and it costs $10 worth of electricity to charge the Roomba
Lynn is a house cleaner and can vacuum 4 rooms in 1/2 hour with a traditional vacuum. Suppose you want the 4 rooms in your house vacuumed once a week for one year. Ignoring the cost of any electricity Lynn uses, which method is economically efficient if Lynn charges $20 per hour? $30 per hour? A) Lynn if she charges $20 or $30 per hour B) Lynn if she charges $20 per hour and Roomba if Lynn charges $30 per hour C) Roomba if Lynn charges $20 per hour and Lynn if she charges $30 per hour D) Roomba if Lynn charges $20 or $30 per hour
Over the Fed's history, it has targeted
a. bank reserves. b. the Federal funds rate. c. monetary aggregates. d. inflation. e. all but d.
Unlike the revolutionary colonials, England had
(a) an organized army and navy. (b) an abundance of resources. (c) the means to finance the war. (d) all of the above.
Most of the total income earned in the U.S. economy is ultimately paid to
a. landowners in the form of rent. b. owners of capital in the form of interest. c. households in the form of wages and fringe benefits. d. households in the form of welfare, disability, and Social Security payments.