Which of the following is true?
a. under the partnership form of business organization, the owners are not personally liable for the debts of the business.
b. when employees also own a business, their incentive to shirk is removed.
c. the limited liability of stockholders under the corporate business structure makes it easier to raise equity capital.
d. under the corporate form of business organization, the owners of the firm are personally liable for its debts.
C
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Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will
A) decrease. B) remain constant. C) increase. D) not change in a way that can be predicted.
Because the value of non-cash benefits to the poor is not counted when calculating the official poverty rate in the U.S., the official statistics
A. underestimate the poverty rate. B. overstate the real income of the poor. C. accurately measure the poverty rate. D. overestimate the poverty rate.
There are asymmetric incentives to support and to oppose protectionist trade policies, with the stronger incentives going to those that would seek protection
Indicate whether the statement is true or false
If the equilibrium price of corn is $3 a bushel and the government imposes a floor of $4 a bushel, the price of corn will _______________________.
A. Increase to $4 B. Remain at $3 C. Rise to about $3.50 D. Be impossible to determine