A business owned by two or more joint owners, or partners, who share the responsibilities and the profits of the firm and are individually liable for all the debts is a(n)
A) corporation.
B) entrepreneur.
C) proprietorship.
D) partnership.
D
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The slope of the line shown in the above figure is
A) 2. B) 0.75. C) 0.25. D) 1 1/3.
Refer to Figure 19-6. Which of the following would cause the change depicted in the figure above?
A) Dumping accusations result in the United States placing tariffs on produce imported from Mexico. B) An increase in investment in infrastructure causes U.S. productivity to rise relative to Mexican productivity. C) A declining preference for Kentucky bourbon causes Mexican consumers to decrease their preferences for U.S.-produced alcohol relative to Mexican-produced alcohol. D) A contractionary monetary policy causes a decrease in the price level of U.S. goods relative to Mexican goods.
If the price of a textbook rises and then students purchase fewer textbooks, an economic model can show a cause-and-effect relationship only if which of the following conditions holds:
a. students' incomes fall. b. tuition decreases. c. the number of students increases. d. everything else is constant. e. the bookstore no longer accepts used book trade-ins.
A cease-and-desist order issued by the FTC is
a. not appealable to the courts b. an order that a firm stop engaging in some activity c. a warning that profits are too high in this business d. an order that some activity meets with antitrust approval e. an order that the business recall some of their products because of defects