Which of the following statements is a defining feature of a corporation?
a. The owners of a corporation face unlimited liability on debts.
b. A corporation owns and operates units only in foreign countries.
c. A corporation is created by a verbal agreement.
d. A corporation that is based on a verbal agreement is also recognized by State law.
e. A corporation has a legal identity that is separate from that of its owners.
e
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The FE line is vertical because the level of output at full employment doesn't depend on the
A) real wage rate. B) level of employment. C) marginal product of labor. D) real interest rate.
Which of the following statements accurately characterizes the effects of minimum-wage laws?
a. Some workers who might have been employed at a lower wage become unemployed. b. Those workers who remain employed benefit from a higher wage. c. The effects of minimum-wage laws depend strongly on the elasticity of demand. d. All of the above accurately characterize the effects of minimum-wage laws.
Competition is
What will be an ideal response?
As a result of changes in cyclical unemployment, the unemployment rate ________ from 2009 to 2014.
A. remained above 6 percent B. rose every year C. fell every year D. remained below 6 percent