Partnerships whose members have _____ can face difficult problems operating and reaching decisions
a. diverse functions
b. specialized functions
c. multiple functions
d. limited functions
B
You might also like to view...
This year, Abigail earned $15,000 and she paid 15 percent in income and payroll taxes. She qualified for Medicaid and food stamps. For every $100 that she earns, Abigail loses $35 in Medicaid benefits and $15 in food stamps. Abigail faces an effective marginal tax rate of
a. 15 percent. b. 35 percent. c. 50 percent. d. 65 percent.
What happens when there is a sudden increment or decline in the supply of a specific product which affects equilibrium?
a. Capital flight b. Economic equilibrium c. Elasticity of supply d. Supply shock
The ability of a country to produce a specific good at a lower opportunity cost than its trading partners is known as
A. Absolute advantage. B. The inequality trap. C. Comparative advantage. D. The human advantage.
Which of the following is not a true statement about the Bretton Woods system?
A) The value of the dollar was fixed in terms of gold. B) Other currencies fixed values in terms of the dollar. C) The U.S. was able to increase its money supply easily. D) Trade deficits were eliminated.