A shareholder in a corporation
A) may not sell his or her share of ownership in the business without the business dissolving.
B) can earn interest, but not dividends, from the profits of the business.
C) is a part owner of the business.
D) is personally liable for the debts of the corporation.
Answer: C
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Which basic approach to environment policy may be the only workable solution in brief but serious emergencies that do not allow for time to plan and enact a systematic program?
a. Taxes on pollution b. Voluntary compliance c. Tradable emissions permits d. Direct controls like legal ceilings
The existence of inflation does which of the following?
A) reduces tax distortions B) allows governments to benefit from seignorage C) reduces shoe-leather costs D) reduces the costs associated with money illusion
Workers in education, healthcare and government sectors have:
A. been hurt because the sector has been shrinking. B. seen their incomes fall just like in manufacturing. C. been mostly hurt from globalization. D. benefited from globalization in terms of lower consumer prices.
In comparison to perfect competition, monopoly
A. reduces the motivation to make a profit. B. motivates greater quality innovation. C. motivates greater cost saving by management. D. reduces the motivation to innovate.