A disadvantage of corporations over a proprietorship or partnership is in the
A) legal liability.
B) ability to raise funds.
C) taxation system.
D) future of the firm when an owner dies.
C
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Sovereign debt crisis, a short-run phenomenon, may lead to the long-run consequence of debt ________
A) intolerance B) distortion C) seignorage D) repudiation
Which of the following identities describe the equation of exchange?
a. Money in circulation × prices = velocity × income b. Money in circulation × income = velocity × prices c. Real GDP = money in circulation × velocity d. Nominal GDP = money in circulation × velocity e. Real GDP = prices × money in circulation × velocity
If something is to be considered as money, it has to fulfill
A. all three functions B. all four functions
From 2008 to 2010 the Chinese government pegged the exchange-rate value of the Chinese yuan to the U.S. dollar. Briefly explain the effects of the pegged rate and Chinese government intervention to defend the pegged rate on the Chinese economy. Then, starting in mid-2010, the Chinese government allowed the yuan to appreciate slowly relative to the U.S. dollar. Briefly explain the effects of the changed exchange rate policy on the Chinese economy.
What will be an ideal response?