A structure that combines limited liability with the pass through taxation benefits of a partnership; the bumper of shareholders is not restricted nor is members participation in management
What will be an ideal response?
Limited Liability Company
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Who sells what to whom
A) has been a major preoccupation of international economics. B) is not a valid concern of international economics. C) is not considered important for government foreign trade policy since such decisions are made in the private competitive market. D) is determined by political rather than economic factors. E) is less important than international economic theory.
Sugarcane can be used for producing both sugar and ethanol. New regulations in certain countries now allow a higher level of ethanol in gasoline. An economist would expect sugarcane prices to ____, and quantity sold to ____
a. rise; rise. b. fall; fall. c. rise; fall. d. fall; remain the same.
Minimum wage laws help explain the natural rate of unemployment if they create a surplus in any labor market
a. True b. False Indicate whether the statement is true or false
Some economists believe that higher marginal income tax rates __________ the incentive to work and thus shift the __________
A) increase; AD curve to the right B) increase; SRAS curve to the right C) increase; SRAS curve to the left D) decrease; AD curve to the left E) decrease; SRAS curve to the left