Unlimited liability is found in
A. partnerships and corporations.
B. proprietorships and corporations.
C. proprietorships and partnerships.
D. proprietorships, partnerships, and corporations.
Answer: C
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Small-denomination time deposits are
A) considered part of near money. B) included in the definition of both M1 and M2. C) the same as transaction deposits. D) included in the definition of M1, but not in M2.
A measure comparing the prices of consumer goods and services that a household typically purchases to the prices of those goods and services purchased in a base year is:
a. the GDP deflator. b. the consumer price index. c. the price level. d. inflation. e. the base measure.
What do most economists believe about the future of business cycles?
(A) Business cycles will grow more extreme, with higher peaks and deeper troughs. (B) Economists have made no predictions about future business cycles. (C) Advances in technology have brought business cycles to an end. (D) Business cycles will continue to drive our economy.
If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be
A) 0 B) 1 C) .5 D) Cannot be determined.