How does the owner of a corporation relate to the business?
A) The owners of the business have no separate legal distinction from the business.
B) The owners of the business have a separate legal distinction from the business.
C) The personal assets are part of the corporation's assets.
D) None of these describe the legal relationship of corporate owners to the business.
B
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An increase in the demand for bonds will increase both the price of bonds and the quantity of bonds held
a. True b. False
A precept is:
A. a proposition that is logically true based on the assumptions of a model. B. the application of models combined with judgment. C. a set of equations that define a model. D. a policy rule that concludes that a particular course of action is preferable.
The upward slope of the supply curve reflects the:
A. principle of specialization in production. B. law of supply. C. fact that price and quantity supplied are inversely related. D. law of diminishing marginal utility.
The discovery of new oil deposits will cause
A. both the long-run and the short-run aggregate supply curves to shift to the right. B. the short-run aggregate supply curve to shift to the right, but not the long-run aggregate supply curve. C. the long-run aggregate supply curve to shift to the right, but not the short-run aggregate supply. D. the long-run aggregate supply curve to shift to the right and the short-run aggregate supply curve to shift to the left.