In general in the U.S., persons classified as poor have money income that amounts to
A. less than half the median income.
B. three quarters of the median income.
C. the median income.
D. half the median income.
A. less than half the median income.
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Why is it inefficient to be overinformed?
What will be an ideal response?
A disadvantage of corporations over a proprietorship or partnership is in the
A) legal liability. B) ability to raise funds. C) taxation system. D) future of the firm when an owner dies.
The major difference between a proprietorship and a partnership is the
a. double taxation laws b. change in the liability of the owners c. profit earned d. number of owners e. ownership control over day-to-day operations
Refer to the graph below, which shows a change in the demand for pounds from D to D'. Under a system of fixed exchange rates, the:
A. Price of a pound will increase to $3
B. Price of a dollar will increase to 3 pounds
C. Shortage equal to ab would be met using international monetary reserves
D. Payment deficit will cause changes in price and income levels, which reestablishes the original exchange rate