An S-corporation is designed
A. to allow stock sales to other corporate entities.
B. to allow for unlimited numbers of shareholders.
C. for large new incorporations.
D. for small businesses to incorporate.
Answer: D
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"Good news" about an expenditure-related indicator means that
A) it is higher than its previous value. B) it is higher than it was expected to be. C) it is lower than its previous value. D) it rose faster than the rate of inflation.
The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) equals: a. 0.5
b. the multiplier. c. the slope of the consumption function. d. 1.0. e. the slope of the saving function.
In an efficient market, a scarce good generally has a ____ than a less-scarce good.
A. higher price B. higher total utility to consumers C. more even distribution across income classes D. lower price in off-peak periods
What is true for monopoly that is not true for perfect competition?
a. The industry demand curve is downward sloping. b. Profit is maximized where MR = MC. c. The firm and the industry are exactly the same entity. d. Positive economic profits may be earned in the short run.