Which type of business has the least government rules and regulations affecting it?
A) sole proprietorship
B) partnership
C) corporation
D) They all have the same set of rules and regulations affecting them.
Answer: A
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If foreign exchange rates are determined by the interaction of supply and demand forces for the various currencies, then the exchange rate is
a. fixed b. government-determined c. set by the value of gold d. said to float e. not in equilibrium
A closed economy is one that
a. uses tariffs. b. uses quotas to restrict trade. c. uses exchange controls. d. does not trade with other nations.
What would the Herfindahl-Hirschman Index equal for an industry consisting of 20 firms with each holding a 5 percent market share?
A. 20 B. 100 C. 500 D. 2,500
Making "soft loans"—loans which may not be self-liquidating—to the very poorest of the developing countries on relatively liberal terms is the primary function of the:
A. United Nations B. International Finance Corporation C. New Global Compact D. International Development Association