In developing countries, it can be expensive and time-consuming for the poor to legalize their property ownership. Without legal title, the property cannot be used as ________ to borrow funds
A) collateral
B) points
C) interest
D) restrictive covenants
A
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The income paid to labor is called
A) rent. B) profit. C) interest. D) human capital. E) wages.
A movement along the consumption function shows the change in consumption expenditure as a result of a change in
A) disposable income. B) the interest rate. C) net taxes. D) the price level. E) saving.
Which form of business is also known as a closely held? corporation?
A. Master limited partnership B. Private corporation C. Public corporation D. Sole proprietorship E. Limited liability partnership
Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?
A) The firm could exit the industry in the long run. B) If the firm does not exit the industry in the long run its demand curve will shift to the left. C) If the firm does not exit the industry in the long run its demand curve will shift to the right. D) If the firm remains in the industry in the long run it will break even.