Brian is the sole proprietor owner of Long Voyage Software, which writes programs to generate maps for wilderness trips. He started the business with an initial investment of $80,000 . A faulty map caused one customer to get hopelessly lost. After her rescue and recuperation, she sued Long Voyage Software for $5,000,000 . Which of the following is true?
a. The customer can be awarded only
$80,000—what the firm has available to pay.
b. The customer can be awarded $5,000,000 . but can get only $80,000.
c. The customer can be awarded $5,000,000 . but Brian personally won't have to pay more than $80,000.
d. If $5,000,000 is awarded, Brian will have to pay none of it.
e. If $5,000,000 is awarded, Brian is personally responsible for paying all of it.
E
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A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Because ________ in the government budget deficit increase the real interest rate, budget deficits can ________ firm investment
A) decreases; increase B) increases; decrease C) decreases; decrease D) increases; increase
According to data on Pennsylvania agriculture in the 18th century, the average size of a farm _________, while the number of cleared acres per farm ______________
a. increased; decreased b. decreased; increased c. decreased; remained fairly stable d. remained fairly stable; increased
When there are more qualified applicants than job openings, this indicates that the
A. Available jobs must be very desirable and pay high wages. B. Economy must be in a recession. C. Wages being offered are too high. D. Labor supply curve must be backward-bending.