A business with one or more general partners with the same unlimited liability as a sole proprietor is known as a? __________.
A. general partnership
B. master limited partnership
C. limited partnership
D. limited liability company
E. sole proprietorship
C. limited partnership
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The above figure illustrates a perfectly competitive firm. Curve C represents the
A) MR curve. B) ATC curve. C) MC curve. D) market demand curve. E) AFC curve.
The saving rate has the following characteristic in Solow's exogenous growth model
A) it increases with output. B) it first decreases, then increases with output. C) it first increases, then decreases with output. D) it is constant.
____________ also known as cash cards are computerized banking transactions, they remove money directly from your account
a. Credit cards b. Debit cards c. Smart cards d. Access cards
Which of the following is correct?
a. Economic forecasts are precise and aggregate spending responds almost immediately to interest rate changes. b. Economic forecast are precise and aggregate spending responds to interest rate changes with a lag. c. Economic forecasts are imprecise and aggregate spending responds almost immediately to interest rate changes. d. Economic forecast are imprecise and aggregate spending responds to interest rate changes with a lag.