Corporations have the disadvantage of which of these? (i) double taxation; (ii) unlimited liability.
A. (i) and (ii)
B. (i) but not (ii)
C. (ii) but not (i)
D. neither (i) nor (ii)
Answer: B
You might also like to view...
Consider the market for peanut butter. If there is an increase in the price of bread (a complement for peanut butter) along with a drought in peanut growing areas, the
A) equilibrium quantity of bread increases. B) equilibrium quantity of peanut butter definitely decreases. C) equilibrium quantity of peanut butter might increase or might decrease. D) equilibrium price of peanut butter definitely rises. E) equilibrium price of peanut butter definitely falls.
Alice has $10 to spend on wine and cheese. If wine is $2.50 a glass and cheese $2, draw the corresponding budget line. Then draw three indifference curves, one showing the amount of wine and cheese Alice would choose, one showing less preferred combinations of wine and cheese, and the last showing preferred but unaffordable combinations. ?
What will be an ideal response?
The cost of risk is the same for everyone
Indicate whether the statement is true or false
A price ceiling set below the equilibrium price will result in a shortage
a. True b. False