A shareholder in a corporation
A. is a part owner of the business.
B. may not sell his or her share of ownership in the business without the business dissolving.
C. is personally liable for the debts of the corporation.
D. can earn interest, but not dividends, from the profits of the business.
Answer: A
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The presence of involuntary part-time workers
a. causes the official unemployment rate to underestimate actual unemployment b. causes the official unemployment rate to overestimate actual unemployment c. has no effect on the accuracy of the official unemployment rate d. is accounted for in the official unemployment rate e. is insignificant in the U.S. economy and thus is no cause for concern
Compare the effectiveness of monetary policy in an open economy with mobile international capital with monetary policy in a closed economy. Why is it different? Use an appropriate diagram to illustrate your answer.
What will be an ideal response?
The kinked demand curve model is based on the assumption that rival firms will match a price cut but ignore a price increase
a. True b. False Indicate whether the statement is true or false
The major determinant of an individual's income is
a. how much she enjoys the work. b. how productive she is combined with demand for what she produces. c. whether or not her family is wealthy. d. how well she gets along with her co-workers and boss.