Which of the following are characteristics of a proprietorship? I. Single owner II. Limited liability
A) I only
B) II only
C) both I and II
D) neither I nor II
A
You might also like to view...
Regulation of a natural monopoly will maximize the sum of consumer surplus and producer surplus if the firm is regulated with
A) an average cost pricing rule. B) a marginal cost pricing rule. C) rate of return regulation. D) All of the above answers are correct.
Refer to Figure 5-7. What is the incremental benefit of increasing the quantity of pollution reduction from QB to QE units?
A) the value of the area BEF B) PE × QE C) the value of the area QBBFQE D) PE
If you borrow money at a 9% nominal rate and the inflation rate is 2%, what is the real interest rate on the loan?
a. 9.0% b. 11.0% c. 7.0% d. 2.0% e. 4.5%
If the federal government is running a budget deficit,
a. the national debt will decline. b. it will have to either raise taxes or reduce expenditures next year. c. the U.S. Treasury will finance the deficit by issuing additional bonds. d. the supply of money will increase and the general level of prices will rise.