In a partnership of two people
A) each person has 50 percent liability.
B) it is more difficult to specialize with two persons than with one.
C) each person has unlimited liability.
D) the law releases each partner from legal liabilities.
C
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In the United States, the size of the underground economy is estimated to be as much as $2 trillion
Indicate whether the statement is true or false
The theory that real shocks to the economy are the primary cause of business cycles is
A) monetarism. B) Keynesian theory. C) real business cycle theory. D) Hamiltonian theory.
An option that can be exercised at any time up to maturity is called
A) a swap. B) a stock option. C) an European option. D) an American option.
Scarcity applies to: a. only the poor
b. the value of our time. c. both the rich and poor. d. both (b) and (c)