The three basic legal forms of business enterprise are
a. monopolists, competitors, and enterprises.
b. vertical, horizontal, and conglomerate corporations.
c. conglomerates, multinationals, and partnerships.
d. proprietorships, partnerships, and corporations.
D
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Structural unemployment may result from all of the following factors EXCEPT
A) improved elementary and secondary education. B) union wage contracts. C) government-imposed licensing arrangements that restrict entry into certain professions. D) welfare and unemployment benefits.
"The short-run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?
What will be an ideal response?
Which of the following statements is true of marginal analysis?
A) Marginal analysis is a tool used in optimization in levels. B) Marginal analysis compares the consequences of doing one more step of something. C) Marginal analysis of alternatives will mostly give an outcome different from optimization in levels. D) Marginal analysis involves the calculation of total net benefits of all the available alternatives.
If people expect nominal interest rates to be higher in the future, the expected return to bonds ________, and the demand for money ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases