It is likely that the owners have little to do with the day-to-day management of a firm in the case of
A) partnerships only.
B) proprietorships only.
C) corporations only.
D) partnerships and corporations.
C
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Suppose that consumers expect the price of a product to decrease in the future. The result is that
A) the current demand for the product increases. B) the current demand for the product decreases. C) the current supply of the product decreases. D) the current supply of the product increases.
A country with a comparative advantage in the production of a good will ________ production of the good and ________
A) increase; import the good B) not change; import the good C) decrease; export the good D) decrease; import the good E) increase; export the good
The combination of psychology and economics to determine individual decision making is known as
A) behavioral economics. B) psychonomics. C) the rule of thumb. D) positive analysis.
What differentiates a savings deposit from a small-denomination certificate of deposit (CD)?
A) A CD has a fixed maturity date; a savings deposit can be withdrawn at any time. B) A savings deposit cannot be withdrawn before its maturity date without incurring a penalty; funds in a CD are available at any time with no interest penalty. C) Only a savings deposit is a time deposit. D) All depository institutions accept savings deposits, whereas only a thrift institution can issue a CD.