By the percentage of each type of business organization in the United States, rank sole proprietorships, partnerships, and corporations in terms of the number of firms, revenue, and profits
What will be an ideal response?
In terms of the number of firms, sole proprietorships comprise 72% of U.S. businesses, corporations comprise 18%, and partnerships 10%. In terms of revenue, corporations earn 82%, partnerships 14%, and sole proprietorships 4%. In terms of profits, corporations earn 67%, partnerships 22%, and sole proprietorships 11%.
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If the social marginal cost of a good is very high relative to the private marginal cost, then a monopoly will most likely
A) produce more than the social optimum. B) produce less than the social optimum. C) produce the social optimum. D) produce zero pollution.
In which of the following periods did fiscal spending on national defense as a percentage of GDP increase?
a. In the 1990s, after the dotcom bubble burst b. After World War I c. In 2007, during the Great Recession d. In the 1980s, near the end of the Cold War
List two of the three types of fiscal programs that the President and Congress emphasized in response to the 2008-2009 recession
Suppose the U.S. supply of loanable funds shifts left. This will
a. increase U.S. net capital outflow and increase the quantity of loanable funds demanded. b. increase U.S. net capital outflow and decrease the quantity of loanable funds demanded. c. decrease U.S. net capital outflow and increase the quantity of loanable funds demanded. d. decrease U.S. net capital outflow and decrease the quantity of loanable funds demanded.