A doubling of income will result in a doubling of autonomous investment
Indicate whether the statement is true or false
F
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One advantage of a sole proprietorship over a corporation is:
A. greater ability to obtain funds. B. ease of formation. C. limited liability. D. the ability to share work and risks.
Which of the following was not a typical characteristic of subprime mortgages?
A. Low down payments B. Loans to borrowers with poor credit histories C. Limited incomes with which to make loan payments D. Fixed interest rates
Central bank accountability means:
A. central bankers are only accountable to the banks in their respective countries. B. central bankers must hold press conferences to explain their monetary policy views. C. politicians will establish goals and central bankers will report on their progress. D. central bankers are not accountable to any elected officials.
Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will have make 16 dishes. If he instead devotes his day to building fences, Tom will build 4 fences. If Jerry spends his day making dishes, he will make 14 dishes; if he spends the day building fences, he will build 7 fences. If Jerry decides to specialize in building fences, what are the limits to his terms of trade?
A. Jerry will accept no less than 7 fences for each dishes. B. Jerry will accept no less than 7 dishes for each fence. C. Jerry will accept no less than 2 dishes for each fence. D. Jerry will accept no less than 2 fences for each dishes.