An advantage of the corporate form of business organization is
A) unlimited liability.
B) easier access to capital.
C) that profits are taxed only on one level.
D) government supervision of its activities.
Answer: B
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Attempts to fine-tune the economy through counter-cyclical fiscal policy
A) demonstrated their effectiveness in the 1930s.
B) demonstrated their effectiveness during World War II.
C) demonstrated their effectiveness between 1945 and 1960.
D) have not yet demonstrated their effectiveness.
Money functions as a store of value if it allows you to:
Delay purchases until you want the goods Measure the value of goods in a reliable way Increase your confidence in money Make exchanges in a more efficient manner
There are five firms in an industry. You know sales of the four largest firms are $800,000, $700,000, $440,000, and $230,000. If the C4 ratio is 80 percent, then the HHI is:
A. 1,810. B. 5,191. C. 2,271. D. 4,338.
By the legal definition of unemployment, a person who has quit his job to take care of his children full time is
A. unemployed. B. not in the labor force. C. in the labor force. D. employed.