One of the advantages that corporations have as a business organization is that corporate profits are only taxed once.
Answer the following statement true (T) or false (F)
False
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The term for the Fed's day-to-day technique for controlling the stock of money is called
A) discounting operations. B) interest-rate operations. C) liquidity operations. D) open heart operations. E) none of the above.
The creation of new property forms (such as privatizing a public beach) is one answer to __________ because it would reduce _________
a. government failure; market failure b. market failure; government failure c. the creation of third parties; public choice d. dealing with externalities; the number of third parties e. the inefficiencies of the market; special interests
The demand for gasoline will respond more to a change in price over a period of five weeks than over a period of five years
a. True b. False Indicate whether the statement is true or false
The __________ the opportunity cost of doing something, the __________ likely a person will do that something
A) lower; less B) lower; more C) higher; more D) higher; less E) b and d