Which of the following is an advantage that a sole proprietorship has over all other types of firms?
a. unlimited liability
b. easy access to capital markets
c. all decision making belongs to the owner
d. shared liabilities
e. small scale of operation
C
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During a time of inflation the nominal rate of interest will be
A. higher than the real rate. B. the same as the real rate. C. lower than the real rate. D. negative.
consumption function
What will be an ideal response?
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A50,50500-x,200?B100,500-x50,50For what values of x is strategy B strictly dominant for firm A?
A. All x > 450 B. All x < 450 C. x < 50 D. x = 450
________ refers to the irregular meetings of creditor governments with debtor nations desiring rescheduling of debts
A) The Paris Club B) IMF "conditionality" C) IBF D) LIBOR