One advantage of a partnership is
A. they are easy to form.
B. lower costs.
C. they are double taxed.
D. all the profits go to the older partner.
Answer: A
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If real GDP grows at a rate of 6 percent and population grows at a rate of 2 percent, then real GDP per person grows at a rate of
A) -3 percent. B) 8 percent. C) 2 percent. D) 4 percent. E) 0.5 percent.
It is possible for a market for a good to experience a surplus and a shortage at the same time
Indicate whether the statement is true or false
When city beautification programs are funded privately: a. only contributing citizens are likely to benefit from a more beautiful city
b. only free riders are likely to benefit from a more beautiful city. c. an underallocation of resources toward the beautification project is likely to occur relative to what is socially efficient. d. none of the above
Unemployment rates typically increase dramatically from December to January because the holiday sales season ends. For this reason, it is best to
A. focus on November/December decreases. B. focus on January increases. C. politically adjust the data. D. seasonally adjust the data.