The difference between a sole proprietorship and a partnership is
a. a partnership is a separate legal being apart from its owners
b. ability to issue stock
c. limited liability
d. the distribution of dividends
e. the number of owners
E
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Refer to Table 9-16. Looking at the table above, real wages ________ from 2014 to 2015, and real wages ________ from 2015 to 2016
A) fell; fell B) fell; rose C) rose; fell D) rose; rose
If the Fed reduces the required reserve ratio,
a. excess reserves will increase. b. excess reserves will decrease. c. total reserves will increase. d. total reserves will decrease.
Macroeconomics includes the study of:
A. individual choice. B. firm pricing policies. C. the relative prices of oil and coal. D. inflation.
During World War II, the U.S. government increased spending:
A. by less than it raised taxes. B. by more than it raised taxes. C. by the same amount as it raised taxes. D. but did not increase taxes.