What are the advantages of setting up a corporation as opposed to a proprietorship or partnership?
What will be an ideal response?
Corporations have limited liability and a greater ability to raise funds.
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Agraria uses bushels of wheat to quote prices. In this case, bushels of wheat act as a
A. medium of exchange. B. store of value. C. commodity value. D. unit of account.
How would the real exchange rate need to change to get aggregate expenditure to increase?
A. Increase B. Decrease C. Remain constant D. Exchanges rates don’t generally affect aggregate expenditure.
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, if the economy is operating in autarky and decides to open trade with a tariff, the impact on domestic demand is they will:
A. decrease consumption from 1500 to 815. B. increase consumption from 815 to 1150. C. decrease consumption from 1500 to 1150. D. increase consumption from 815 to 1500.
Are these applicants likely to be? cyclically, frictionally, or structurally? unemployed, and what would be the reason that most of them are? unemployed? Briefly explain.
What will be an ideal response?