Which of the following statements is false?
A) Corporations can issue stocks and bonds, while proprietorships cannot.
B) Corporations have one owner, while proprietorships have many owners.
C) Corporations face more taxes than do proprietorships.
D) Proprietorships have unlimited liability while corporations have limited liability.
Answer: B
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In a simple economy (no government), the vertical distance between the consumption function and the expenditure schedule measures
A. undesired inventory depletion. B. planned investment C. undesired investment. D. unintended investment.
How is strategic behavior illustrated by the competition among three sellers of native arts and crafts near a national park?
What will be an ideal response?
In which two markets did an asset bubble form that led to a financial crisis in 2008?
A. South Sea Company and tulips B. Housing and automobiles C. Mortgage-backed securities and tulips D. Housing and mortgage-backed securities
The supply and demand conditions facing a firm that makes widgets and generates a negative externality by dumping a highly toxic sludge in a nearby river is given in the table below. The equilibrium price and quantity when only private costs are taken into account are
A. Price = $55, Quantity = 30 B. Price = $40, Quantity = 55 C. Price = $30, Quantity = 20 D. Price = $30, Quantity = 80