The most common form of business organization, as far as the number of such firms in business, is the
A. partnership.
B. corporation.
C. proprietorship.
D. S corporation.
Answer: C
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In terms of accepting deposits and making loans, explain the differences between commercial banks and a central bank
What will be an ideal response?
Firm X pays firm Y $345 for a pollution permit. This expenditure on the part of firm X is considered a __________. Firm Y ends up spending $200 to eliminate some pollution. This expenditure on the part of firm Y is considered a __________.
A. resource cost; transfer B. fixed cost; sunk cost C. market environmental cost; standards cost D. transfer; resource cost E. none of the above
If the government decides to change the level of government spending, what happens to the value of the multiplier?
a. It becomes larger. b. It becomes smaller. c. It does not change. d. It is impossible to predict.
Answer the following statements true (T) or false (F)
1. If the government subsidizes the car makers in the production of cars, then the supply of steel increases. 2. An increase in both supply and demand will lead to an increase in the equilibrium price and an indeterminate change in the equilibrium quantity. 3. A decrease in the price of digital cameras will cause the demand for memory cards to shift to the left. 4. If the demand for electronic readers and tablets increases, then their supply will increase as price rises.