What percentage of American business firms are incorporated?
a. about 20 percent
b. about 40 percent
c. about 50 percent
d. over 60 percent
a
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Assume two firms are currently competing in a market. If one of the two firms wants to try to eliminate the other firm as a competitor, should it undertake a strategy of limit pricing or predatory pricing? Why? In addition, describe the conditions
under which the strategy you have selected will be most successful.
Which of the following statements is true?
a. Foreigners owned $16.30 in U.S. assets b. U.S. residents owned $13.8 trillion in foreign assets c. U.S. residents owned $2.5 trillion more assets in the United States than foreigners owned abroad d. Foreign purchases of assets in the U.S. subtract from America's productive capacity e. Income from foreign-owned assets in the U.S. flows to Americans
MP3 players and MP3 files are complementary goods. The cross-price elasticity of demand between MP3 players and MP3 files is expected to be
A) Positive. B) Negative. C) Equal to zero. D) Undefined.
A lump-sum tax causes the after-tax consumption schedule:
A. and the before-tax consumption schedule to coincide. B. to be steeper than the before-tax consumption schedule. C. to be flatter than the before-tax consumption schedule. D. to be parallel to the before-tax consumption schedule.