Limited liability is a characteristic of
A) partnerships only.
B) corporations only.
C) partnerships and proprietorships only.
D) proprietorships only.
B
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An increase in the long-run aggregate supply curve indicates that
a. the natural rate of unemployment has increased. b. unemployment has increased. c. the general level of prices has increased. d. potential real GDP has increased.
The price of a new textbook is $60 in one year and $75 two years later, while the price of a used copy of the textbook increased from $25 to $37.50. The relative price of a new textbook
A. increased by 25 percent. B. decreased from 1.4 to 1.25. C. increased from 2.4 to 3. D. decreased from 2.4 to 2.0.
What tools can unions use to increase the demand for union labor?
What will be an ideal response?
Moral hazard and adverse selection are the result of ________
A) prudential supervision B) any and all government policy C) excessive price fluctuations D) asymmetries of information