Why can corporations issue bonds that mature long in the future, but partnerships and single-owner firms can only borrow for relatively short periods of time?
Corporations do not die on the death of the founder, owner, or entrepreneur. Corporations have a legal life
of their own.
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An inferior good is one for which
a. the compensated demand curve fails to be downward sloping. b. higher prices have relatively little effect on the quantity demanded. c. the income elasticity is positive but less than 1. d. increases in income result in lower quantities demanded.
Of the following sources of tax revenue for state and local governments, which was the smallest in 2014?
A) sales taxes. B) the corporate income tax. C) the individual income tax. D) the property tax.
The global financial crisis that started in 2008 has reestablished the continuing relevance of the IMF
Indicate whether the statement is true or false
Which of the following is NOT an example for third-degree price discrimination?
A) discounted coupons for toothpastes in the newspapers B) discounts for Saturday night stayovers C) discounts for bulk orders D) discounts for senior citizens at amusement parks