The three basic legal forms of business enterprise in the United States are
A) monopolies, enterprises, and competitors.
B) vertical, horizontal, and conglomerate corporations.
C) national, global, and multinational corporations.
D) proprietorships, partnerships, and corporations.
Answer: D
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Reserve requirements apply to
A) life insurance companies. B) investment banks. C) credit unions. D) stock brokers.
Which of the following statements best describes possibilities for trade?
a. Many larger national economies around the world, in regions like North America and Western Europe, have much more limited possibilities for trade inside their countries or their immediate regions. b. Many smaller national economies around the world, in regions like Latin America, Africa, the Middle East, and Asia, have much more limited possibilities for trade inside their countries or their immediate regions. c. Many medium national economies around the world, in regions like Latin America, Africa, the Middle East, and Asia, have much more limited possibilities for trade inside their countries or their immediate regions. d. Many smaller national economies around the world, in regions like Eastern Europe, have much more limited possibilities for trade inside their countries or their immediate regions.
Riva crafts and sells hard cider as a part-time job. She can bottle and sell four cases in a week. She is considering hiring her friend Atul to help her. Atul can bottle and sell three cases per week. What is the maximum total output possible if Riva hires Atul?
a. 3 cases b. 4 cases c. 7 cases d. 11 cases
Exhibit 9-3 A monopolistic competitive firm in the long run
?
To maximize long-run profits, the monopolistically competitive firm shown in Exhibit 9-3 will charge a price per unit of:
A. zero. B. $10 C. $20. D. $30.