The main advantage of a corporate form of organization is that
A) shareholders have limited liability.
B) shareholders have unlimited liability.
C) shareholders are not subject to double taxation.
D) all corporate profits must be distributed as dividends.
A
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Refer to the figure above. The labor market is currently at point E. Which of the following is likely to happen if a recession hits the economy assuming that wages are flexible?
A) The labor market equilibrium will move from E to H. B) The labor market equilibrium will move from E to D. C) The labor market equilibrium will move from E to F. D) The labor market equilibrium will move from E to G.
What effect does a price increase have on producers' total revenue?
What will be an ideal response?
The major components of a bond include all of the following except its
A. maturity date. B. face value. C. price. D. coupon rate.
The message that market economies will inevitably fail is associated with:
a. Marx b. Samuelson c. Kornai d. Olson e. Hayek