A disadvantage of the corporate form of business organization is
A. double taxation.
B. unlimited liability for shareholders.
C. limited access to capital.
D. that the corporation can only do business in the state where it was incorporated.
Answer: A
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A consumer's demand for CDs can be represented by a line with slope -b and intercept a. If the current price of CDs is $P, then the ratio of consumer surplus to total expenditures on CDs equals
A) (a - P)(a - bP). B) 1/2(a - P)(a - bP). C) D(a - bP). D) (a - P)/P. E) (a/b - P)/(2P).
If the price of a Canadian dollar went from 0.95 US dollars to 0.98 US dollars, we would say that the Canadian dollar has
a. Appreciated b. Depreciated c. Not changed in value d. None of the above
Suppose the central bank decreases the rate of growth of the money supply. What effect will this decrease in money growth have on seignorage in: (1 ) the short run; and (2 ) the medium run? Explain
What will be an ideal response?
As the dollar price of a euro falls
A. French goods will be less expensive to U.S. residents. B. U.S. residents will purchase fewer French imports. C. French residents will increase their purchases of U.S. assets. D. the quantity of euros supplied will increase.