Jeremy is thinking of starting up a small business selling NASCAR memorabilia. He is considering setting up his business as a corporation. What is one advantage to Jeremy of setting up his business as a corporation?
A) By setting up the business as a corporation, Jeremy would have both ownership and control over the business.
B) By setting up the business as a corporation, Jeremy would not face double taxation.
C) By setting up the business as a corporation, Jeremy would have the ability to share risk with shareholders.
D) All of the above would be advantages of setting up his business as a corporation.
C
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Answer the following statement(s) true (T) or false (F)
1. The Battle of the Sexes game has two Nash equilibria, neither of which is Pareto optimal. 2. All outcomes in the Copycat Game are Nash equilibria. 3. A solution concept is any way of analyzing a game which leads to the discovery of a Nash equilibrium which solves the game. 4. The concept of Nash Equilibrium is an important solution concept because it helps make predictions. 5. When a game has more than one Nash equilibrium, it is unlikely that a stable equilibrium will ever be reached.
Give some examples of transactions in markets which are not regulated or controlled
What will be an ideal response?
The idea that the demand for money is a function of both income and wealth is part of whose theory?
A) Baumol and Friedman B) the quantity theorists C) Keynes D) Tobin
If a fair gamble is played many times, the combined monetary losses or gains will
a. approach zero. b. be negative. c. be positive. d. result in an outcome that cannot be determined without more information.