Which of the following is not an advantage of starting a new business as a partnership?
A) The owners have complete control over the business.
B) A partnership can easily attain additional funding.
C) A partnership has few government rules and regulations to comply with.
D) Business profits are only taxed once, not twice.
B
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Central planning is an efficient method for making coordination decisions
a. True b. False Indicate whether the statement is true or false
The production possibilities frontier illustrates
a. the trade-off between efficiency and equality. b. the combination of output that an economy should produce. c. the combination of output that each member of society should consume. d. None of the above is correct.
In which countries of the world has Malthus's prediction come closest to being true?
A. The highly industrialized countries B. The less developed countries C. The non-Christian countries D. The countries in the temperate zone
Whenever the benefits of group effort fall on every member of a large dispersed group, regardless of individual contributions, there can be a
A. negative externality. B. free-rider problem. C. spillover effect. D. sudden-damage effect.