An advantage of a corporation is
A) the ability to raise large sums of financial capital.
B) unlimited liability on the part of shareholders.
C) the fact that ownership and control are never separated.
D) the fact that the corporation is dissolved when one of its owners dies.
Answer: A
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A horizontally integrated firm produces products in a variety of industries (e.g., General Electric, which produces jet engines, air conditioners and microwave ovens)
a. True b. False
Suppose the Federal Reserve decides to increase the proportion of deposits that banks must hold from 1% to 3%. Which monetary policy tool is it using?
a) Reserve requirements b) Discount rate c) Open market operations d) Infrastructure spending
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.
Explain what economists mean when they characterize the income tax system as progressive
What will be an ideal response?