In an open economy, the supply of loanable funds comes from national saving
a. True
b. False
Indicate whether the statement is true or false
True
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A major disadvantage of a corporation is
a. its weakness at raising funds. b. its inability to limit the financial liability of the owners. c. the double taxation of its profits. d. its lack of continuity in the event of a stockholder’s death.
Police officers earn higher wages in part because of the dangers associated with their profession
a. True b. False Indicate whether the statement is true or false
A government budget surplus occurs during a budget year when
A) tax revenues = government spending. B) tax revenues + government spending = personal income. C) tax revenues > government spending. D) tax revenues < government spending.
In a secondary loan market, _____
a. loans are made to the borrowers b. loans are sold to other banks or financial institutions c. the rate of interest is higher than a primary loan market d. the rate of interest is lower than a primary loan market