The characteristic of limited liability enables corporations to
A) avoid taxes on some of their profits.
B) exist even when owners die.
C) raise large amounts of financial capital.
D) start up and dissolve easily.
C
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According to the public-choice view,
a. laissez-fare is always the best economic policy. b. macroeconomic policymakers are only interested in the social good. c. policymakers often act in irrational ways or out of ignorance. d. politics often trump economic theory in policymaking. e. both c and d.
Susan is willing to pay $5 for the first glass of lemonade, $4 for the second, $3 for the third, and $2 for the fourth. If each glass of lemonade costs $2, Susan's total consumer surplus is _____
a. $6 b. $5 c. $2 d. $1
Which of the following policy changes would lead to a decrease in the real interest rate and an increase in investment and saving?
a. a larger investment tax credit b. an expansion of eligibility for Individual Retirement Accounts c. an increase in income-tax rates, with no change in the government budget deficit or surplus d. an increase in government purchases, with no change in taxes
Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. Number of WorkersPizzas Baked Per Day00110218324430532How many workers will Joe hire if he must pay each one $35 a day?
A. 4 B. 2 C. 3 D. 1