The sole proprietorship constitutes what percentage of the total number of firms in the United States?
a. 90 percent
b. 75 percent
c. 60 percent
d. 45 percent
e. 20 percent
B
Economics
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Refer to Table 2-4. What is Jack's opportunity cost of mowing a lawn?
A) one-half of a garden cultivated B) two lawns mowed C) two-thirds of a garden cultivated D) one and a half lawns mowed
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Within the AD/AS model, an increase in capital formation that permits the economy to achieve a larger output will
What will be an ideal response?
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When the price of a bond rises, the interest rate paid on the bond also rises.
a. true b. false
Economics
The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the producer surplus?
A) area A B) area B C) area C D) area D E) area E
Economics