If a corporation cannot pay its debts, creditors cannot seek payment from shareholders' personal wealth
a. True
b. False
Indicate whether the statement is true or false
True
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The long-run aggregate supply curve occurs at the level of real GDP consistent with
A) no inflation. B) the natural rate of unemployment. C) individuals' tastes and preferences. D) low levels of inflation.
Which of the following is NOT included in the income approach to measuring GDP?
A) net interest B) net exports C) corporate profits D) compensation of employees
A monopsonist faces an upward-sloping labor supply curve. This means that his marginal expenditures on labor are
A) greater than the wage. B) equal to the wage plus the increase in the wage resulting from hiring one more unit of labor hired. C) greater than the wage because hiring more workers requires to pay all workers more. D) All of the above.
For patents to be effective
A) small networks. B) network externalities must be realized. C) property rights need to be enforced. D) there needs to be fewer economies of scope.