One disadvantage of a partnership is
A. it permits greater specialization.
B. limited liability.
C. difficulty raising funds.
D. lower monitoring costs.
Answer: C
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For a given domestic and foreign price level, an increase in the nominal exchange rate ________ the real exchange rate.
A. offsets any change in B. may either increase or decrease C. increases D. decreases
The seven members of the Board of Governors of the Federal Reserve System are:
A. appointed by the presidents of the 12 Federal Reserve Banks. B. appointed by the Senate Finance Committee. C. elected by Congress from a slate of nominees provided by the president. D. appointed by the president with the confirmation of the Senate.
The majority of business revenues earned in the United States are earned by
A. proprietorships. B. cooperatives. C. partnerships. D. corporations.
Stagflation in an economy can be effectively controlled by Keynesian demand management policies
a. True b. False Indicate whether the statement is true or false