How does the owner of a corporation relate to the business?
A) The owners of the business have a separate legal distinction from the business.
B) The owners of the business have no separate legal distinction from the business.
C) The personal assets are part of the corporation's assets.
D) None of these describe the legal relationship of corporate owners to the business.
Answer: A
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The following are impediments to economic growth EXCEPT
A) dead capital. B) increased education. C) lack of economic freedom. D) bureaucratic inefficiency.
The effect of imposing a minimum wage rate on the quantity of labor employed is
a. greater the less elastic is the demand for labor b. greater the less elastic is the supply of labor c. zero if the minimum wage rate is above the equilibrium wage rate d. greater the more elastic is the demand for labor e. greater the closer the minimum wage is to the equilibrium level
If steak is a normal good and its price rises:
A) the amount purchased may either increase or decrease depending on the relative importance of the income and substitution effects. B) both the income and substitution effects suggest that less will be purchased. C) the substitution effect suggests more will be purchased, but the income effect suggests less will be purchased. D) the income effect suggests more will be purchased, but the substitution effect suggests less will be purchased.
Consider the model: log (wage) = alt="" class="Wirisformula" data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_07_Multiple_Regression_Analysis_with_Qualitative_Information__media__2b682f74-b87d-436e-a981-c7fbda5cd7aa.PNG" style="vertical-align:middle;" />female * graduate + u , where graduate is a dummy variable (1 if the person has graduated from college, and 0 otherwise), and female is a dummy variable (1 if the person is female, and 0 otherwise). Which of the following measures the return of graduating from college for men?
A. 
+ 
female + 
graduate + 
+ 
B. 
+
C. + 
D. 
+ 