Owners of a proprietorship have ________ liability and stockholders in a corporation have ________
A) limited; limited
B) limited; unlimited
C) unlimited; unlimited
D) unlimited; limited
D
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Carefully define the following terms and explain their importance. a. Variable b. Ray c. Slope d. Contour map
What will be an ideal response?
Fiscal policy
A) uses the tool of interest rates to stimulate private savings. B) uses the tools of taxation and spending in an effort to address inflation and unemployment. C) uses the tool of the exchange rate to discourage imports. D) uses the tool of business regulation to increase economic efficiency.
Overuse of a common resource may be avoided by all of the following methods except
A) charging for the use of a common resource. B) government taking over ownership of all private common resources. C) setting quotas or legal limits on the quantity of the common resource consumed. D) issuing tradable permits for the use of a common resource.
As the price elasticity of demand for a particular good decreases, the corresponding Lerner Index, and hence the amount of market power attributed to the firm that produces the product in question, decreases as well
Indicate whether the statement is true or false