The most likely source of investment funds for a proprietorship is
A) sales of stocks.
B) sales of bonds.
C) loans from banks.
D) the personal funds of the owner.
D
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Gordon is a person who sells narcotics "on the street." This type of illegal activity ________.
A. causes GDP to be overstated B. is estimated and included in GDP figures C. is excluded from GDP figures D. would be considered double counting in calculating GDP
Based on the above table, which shows the firms and sales in an industry, what is the four-firm concentration ratio?
A) 55 B) 74 C) 100 D) $740 million
Based on most observations, what are the effects on government budgets from the national health care program?
A) Tax revenues will not flow into the new program immediately. B) The federal government ultimately will have to search for ways to reduce its health care expenditures. C) Federal government expenditures on the program are being phased in immediately. D) the federal government ultimately will lower taxes since the program's cost will decline over time.
Suppose Okun's law holds and a one percentage point increase in the unemployment rate reduces real output by 2% of full-employment output. The expectations-augmented Phillips curve is given by ? = ?e - 2.5 (u - 0.04).Suppose ? = 0.08 and ?e = 0.03.(a)What is the natural rate of unemployment?(b)What is the actual rate of unemployment?(c)How much is actual GDP compared with full-employment GDP?
What will be an ideal response?