A large number of businesses are organized as sole proprietorships because it is easy for them to acquire large sums of financing
a. True
b. False
B
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A reduction in government spending causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant
A) rise; LM; right B) fall; IS; left C) fall; LM; left D) rise; IS; right
When the owners of a company hire full-time executives to make the day-to-day decisions, this __________ the __________ problem
A) alleviates; stockholder-lender B) alleviates; manager-stockholder C) exacerbates; stockholder-lender D) exacerbates; manager-stockholder
The primary difference between cooperative and noncooperative games is the ability to form contracts
a. True b. False Indicate whether the statement is true or false
The definition of a job loser is an individual
A. who quits his job voluntarily. B. who is underemployed. C. who competed for a promotion at his company and did not get it. D. whose employment was terminated involuntarily due to a downturn in the economy.