What is one of the biggest differences between a sole proprietorship and a corporation?
A) Sole proprietorships offer stock.
B) Corporation shareholders elect the managers of the firm.
C) Sole proprietorships have limited liability.
D) Corporations are the only profitable firms.
B
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Explain the Taylor rule, including the formula for setting the federal funds rate target, and the components of the formula. If the Fed were to use this rule, how many goals would it use to set monetary policy?
What will be an ideal response?
According to the graph shown, if this economy were an autarky, consumers would get area:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. A in consumer surplus.
B. ABC in consumer surplus.
C. ABCD in consumer surplus.
D. ABCDEFG in consumer surplus.
If market structures are ranked from the one in which firm(s) face the flattest demand curve to the one where they face the steepest, the correct order is
a. monopoly, monopolistic competition, perfect competition b. monopolistic competition, perfect competition, monopoly c. monopolistic competition, monopoly, perfect competition d. perfect competition, monopoly, monopolistic competition e. perfect competition, monopolistic competition, monopoly
Joe's increase in wages has been identical to the increase in the price level. Joe thinks that he is better off and has increased his expenditures. Joe's behavior is consistent with
A. a vertical aggregate supply curve. B. Say's law. C. the classical model. D. money illusion.