A proprietorship is
A. taxed twice-once when it pays business taxes and again when its owner pays personal income taxes.
B. not often found in developed economies, in which corporations have become the most common form of business organization.
C. difficult to form.
D. risky for its owner, who is personally responsible for the firm's debts.
Answer: D
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Indicate whether the statement is true or false
The current international financial system is a managed float exchange rate system because
A) exchange rates fluctuate in response to, but are not determined solely by, market forces. B) some countries keep their currencies pegged to the dollar, which is not allowed to fluctuate. C) all countries allow their exchange rates to fluctuate in response to market forces. D) all countries peg their currencies to the dollar which is allowed to fluctuate in response to market forces.
Economists favor a negative income tax because they believe
a. that it will create more jobs for economists to monitor the program. b. the current welfare programs have excessively high work incentives, which result in less total work. c. it is more efficient than the existing welfare system because NIT provides better work incentives. d. All of the above are true.
What antitrust rule was Apple and five of the nation's largest publishers accused of in April 2012?
a. predatory pricing b. per se illegal c. tying contract d. exclusive dealing