Which of the following options is NOT a characteristic of a proprietorship?
A. double taxation
B. unlimited liability
C. easy to form and dissolve
D. single ownership
Answer: A
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The figure illustrates the market for haircuts. Curve A is the ________ curve, and curve B is the ________ curve
A) marginal social cost; marginal social benefit B) total social cost; total social benefit C) opportunity cost; opportunity benefit D) marginal social benefit; marginal social cost
Under the gold standard, when a nation had a deficit in its balance of payments,
A) interest rates would rise which would reduce foreign investment. B) interest rates would fall which would increase foreign investment. C) gold would flow to foreign residents and the domestic money supply would decrease. D) gold would flow into the country leading to an increase in the domestic money supply.
It is impossible to conduct ________ policy and maintain a _________ exchange rate.
A. monetary; fixed B. monetary; floating C. fiscal; fixed D. fiscal; floating
To be binding, a price floor must be set above the equilibrium price
a. True b. False Indicate whether the statement is true or false