Define a sole proprietorship
What will be an ideal response?
A firm owned by one person.
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Which of the following concerns were raised as a result of record low interest rates in 2012?
A) high perceived risk of default B) high interest rate risk C) corporations facing a lack of demand for bonds D) high risk premiums on investment-grade corporate bonds
Under which of the following circumstances is the principal-agent relationship likely to be most problematic?
a. Between surgeons and patients b. Between hospitals and nurses c. Between physicians and lawyers d. Between dentists and physicians e. Between general practitioners and patients
The American Recovery and Reinvestment Act of 2009 is a clear example of:
A. Nondiscretionary fiscal policy that made the cyclically-adjusted budget become more positive B. Nondiscretionary fiscal policy that made the cyclically-adjusted budget become more negative C. Discretionary fiscal policy that made the cyclically-adjusted budget become more positive D. Discretionary fiscal policy that made the cyclically-adjusted budget become more negative
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what price should it charge per unit of output so as to maximize its profits?
A. $4.00 B. $3.50 C. $3.00 D. $2.50