The form of business organization with the most flexibility of management is the
a. sole proprietorship.
b. partnership.
c. corporation.
d. cooperative.
a. sole proprietorship.
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Explain the problem encountered by successive monopolies? How can the supplier and the producer overcome this problem?
The Fed came about in 1913 due to Congress's desire to have a centralized bank with national control of banking
Indicate whether the statement is true or false
Many persons object to the results of the competitive market system because
a. it takes too much energy to coordinate activities. b. efficient outcomes may not be compatible with their ideas of a fair distribution. c. a few people can control all economic activity. d. it fosters high rents and low beef prices.
Refer to the following graph.
With free trade, this country's citizens can consume the greatest amount of both good A and good B if the country produces at point
A. P. B. G. C. F. D. H.