The business structure in which organizations are fictitious legal entities whose formulation complies with specific state laws is known as a
a. sole proprietorship
b. general and limited partnership
c. subchapter S corporation
d. C corporation
e. limited liability corporation or partnership
d. C corporation
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If the economy were at full employment and is producing at point Y,
A. the unemployment rate would increase.
B. the unemployment rate would decrease.
C. the production possibilities frontier would have shifted inward.
D. the production possibilities frontier would have shifted outward.
The midpoint quantity between 100 and 300 units is
a. 100 units b. 200 units c. 300 units d. 150 units e. 20,000 units
The interest rate is determined purely by market forces, and not by government involvement
a. True b. False Indicate whether the statement is true or false
The ethnocentric view that most new products are developed and introduced in the US is a key weakness in the ______ theory.
Fill in the blank(s) with the appropriate word(s).