A sole proprietor has limited liability and cannot be forced to pay its creditors from his/her personal resources
Indicate whether the statement is true or false
F
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The case of Airbus, an airplane manufacturing consortium in Europe, which receives large subsidies from several European countries, best exemplifies which rationale for protectionist policies?
A) helping domestic firms establish monopolies in world markets B) shielding workers from foreign competition C) protecting infant industries D) prevention of dumping in local markets
The aim of antitrust policy is to:
a. provide adequate incentives for inventors and entrepreneurs. b. prevent firms from acquiring or exercising undue market power. c. protect established firms by deterring new entry into industries. d. regulate the prices charged by perfectly competitive firms.
A banking panic occurs when
a. many banks fail simultaneously b. banks do not earn enough profit c. a bank exhausts all of its vault cash d. individuals cannot withdraw money from a bank e. bank officials fear they have made too many bad loans
If you hold money in anticipation of household emergencies and you give up long-term interest-bearing accounts, you are exercising the
a. speculative motive for holding money b. transactions motive for holding money c. opportunity cost motive for holding money d. precautionary motive for holding money e. regressive cost of holding money