What type of business is most likely to be run as a family business?
a. multinational
b. corporation
c. partnership
d. mutual fund
e. sole proprietorship
E
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A cost of unemployment typically borne by society at large rather than the unemployed themselves is:
A. lost self-esteem. B. lost tax revenue. C. lost income. D. feelings of loss of control over one's life
The forward contract differs from a futures contract in that:
a. the forward contract is to be settled immediately. b. the futures contract specifies a fixed amount and arranged date, whereas the forward contract can be for any amount or date. c. the futures contract cannot be traded in a market, whereas the forward contract can be bought in the market. d. forward contracts are standardized, whereas futures contracts are not standardized.
According to economists, which of the following is a good predictor of human behavior in most situations?
a. obligation b. altruism c. selfishness d. self-interest
The two main approaches to measuring GDP are the
A. income approach and the expenditure approach. B. government approach and the consumer approach. C. flow approach and the stock approach. D. concept approach and the reality approach.