A business owned by a single person
What will be an ideal response?
Sole Proprietorship
You might also like to view...
One standard method of determining just compensation is the comparable sales method. What is the comparable sales method, and why might some individuals perceive this method to be unfair?
What will be an ideal response?
A bond's price and its yield to maturity are inversely related because
A) discounting future payments at a higher rate reduces the present value of the payments. B) discounting future payments at a higher rate increases the present value of the payments. C) an increase in the yield to maturity will lower a bond's coupon rate and hence its price. D) a fall in a bond's price will lower its par value and hence its yield to maturity.
The increase in bank supervision in the U.S. in the 1980s and early 1990s was due to an increase in bank
a. profits. b. ownership of common stocks. c. failures. d. deposits and loans.
Refer to Figure 35.3 for the production possibilities curves for the United States and Mexico. These two curves indicate that
A. Mexico has a comparative advantage in the production of tomatoes. B. The United States has a comparative advantage in the production of machinery. C. There is no benefit to the United States as a result of trading tomatoes or machinery with Mexico. D. Mexico does not have an absolute advantage in the production of either good.