Which of the following statements is correct?
A. A corporation is a business that is legally owned by its employees.
B. Corporations are legal entities that, in law, are treated as persons.
C. Stockholders are legally liable for all the debt of a corporation.
D. Most large companies and many small companies in the United States are not corporations.
Answer: B
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In 1984, British Prime Minister Margaret Thatcher decided to shut down so-called uneconomic coal mines owned by the government. The National Union of Mineworkers protested, asserting that there was enough coal in the mines to continue current levels of production for years. Thatcher implicitly argued that her decision was economically sound because, at any practical level of output, for each “uneconomic” mine,
A. MC > AC. B. for every input, MPP > APP. C. MC > MR. D. AC > MC.
During the colonial period, the U.S. and other countries relied on "privateers.". Which of the following most accurately describes privateers?
a. Privateers were also known as pirates. b. Privateers were citizens who owned ships that attacked vessels from rival nations. c. Privateers were groups of convicts who stole from American sailing vessels. d. Privateers were a formal group part of the American Navy.
Is it ever rational for unions to strike if they know that their members will never be able to make up for the wages they lose during the strike? Explain
How is inflation targeting consistent with the "dual mandate" of price stability and maximum employment?
What will be an ideal response?