A legal organization of a firm where the business is owned by one individual who makes the business decisions, receives all the profits, and is legally responsible for the debts of the firm is a(n)
A. corporation.
B. entrepreneur.
C. partnership.
D. proprietorship.
Answer: D
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A vertical line has a slope of
A. infinity. B. zero. C. undefined. D. 1,000
The __________ is calculated as the face value minus the purchase price divided by the face value
A) coupon equivalent yield B) bond equivalent yield C) yield on a discount basis D) yield to maturity
A decrease in taxes will shift aggregate demand to the _____, cause consumption to _____, and cause output to _____. Due to the crowding-out effect, investment will _____
Fill in the blank(s) with correct word
Gross domestic product (GDP) is equal to personal consumption expenditures:
a. Plus gross private domestic investment, minus government spending, and plus net exports b. Plus gross private domestic investment, plus government spending, and plus net exports c. Plus gross private domestic investment, plus government spending, and minus net exports d. Minus gross private domestic investment, plus government spending, and plus net exports