An advantage of a partnership is that they:
a. have unlimited life
b. never fail due to disagreements
c. can attract financial capital easier
d. have limited liability
Answer: c. can attract financial capital easier
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The presence of a distorting tax on wage income can result in
A) MPN < MRT1,C. B) MRT1,C < MRS1,C. C) MPN < w. D) MRS1,C < MPN
About ___________ of the U.S. population moves each year
a. 5% b. 10% c. 15% d. 35%
In a sole proprietorship
a. only one product can be offered for sale b. only family members can be employed in the business c. the business cannot expand unless it becomes a partnership d. one person owns the business e. stock can be issued to raise money for the business
When the government goes from running a balanced budget to running a budget surplus,
a. national saving decreases, the interest rate rises, and the economy's long-run growth rate is likely to decrease. b. national saving increases, the interest rate falls, and the economy's long-run growth rate is likely to decrease. c. national saving decreases, the interest rate rises, and the economy's long-run growth rate is likely to increase. d. national saving increases, the interest rate falls, and the economy's long-run growth rate is likely to increase.