A legal entity, distinct form any individual persons, that has the power to own property and conduct business.
What will be an ideal response?
Corporation
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What type of business has the potential for double taxation of profits and why?
What will be an ideal response?
Efficient production of a public good requires a. that individuals pay for such goods according to benefits received
b. that each individual's MRS be equal to the RPT of public goods for private goods. c. that the sum of individuals' MRSs be equal to the RPT of public goods for private goods. d. that governments produce at the low point of the average cost curve for the public good.
In Exhibit 3, what area(s) represent consumer surplus gains from imports after free trade is allowed?
a. a
b. b
c. a and b
d. b and d
According to the interest-rate-based transmission mechanism for monetary policy, a decrease in the money supply will cause the
A) interest rate to fall, causing planned real investment spending to rise and leading to an increase in aggregate demand.
B) interest rate to fall, causing planned real investment spending to rise and leading to a decrease in aggregate demand.
C) interest rate to rise, causing planned real investment spending to fall and leading to a decrease in aggregate demand.
D) interest rate to rise, causing planned real investment spending to rise and leading to a decrease in aggregate demand.