If a proprietorship converts to a corporation form of business organization, it gives up control of day-to-day operations to the
a. bondholders
b. shareholders
c. owners
d. management
e. board of directors
D
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Refer to Figure 16-2. Suppose Plato Playhouse charges a single price of Pd for each performance. Which of the following statements is true?
A) The company is selling less than the profit-maximizing quantity in the non-student market and more than the profit-maximizing quantity in the student market. B) The company is selling less than the profit-maximizing quantity in both markets. C) The company is selling less than the profit-maximizing quantity in both markets but it is maximizing its revenue. D) The company is selling more than the profit-maximizing quantity in the non-student market and less than the profit-maximizing quantity in the student market.
The primary deficit is equal to
A) outlays - tax revenues. B) government purchases + transfers + net interest - tax revenues. C) outlays + net interest - tax revenues. D) government purchases + transfers - tax revenues.
The Argentinian crisis of 2001 was characterized by:
A. international investors losing confidence and shifting the demand for loanable funds to the right. B. government debt becoming more expensive, shifting savings to the left. C. increasing interest rates. D. All of these statements are true.
A good is normal if the sign on the income elasticity formula is
A. Positive. B. Negative. C. Greater than 1. D. Less than 1.