A proprietorship is
A) difficult to form.
B) taxed twice—once when it pays business taxes and again when its owner pays personal income taxes.
C) not often found in developed economies, in which corporations have become the most common form of business organization.
D) risky for its owner, who is personally responsible for the firm's debts.
Answer: D
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The federal government collects taxes on
a. real capital gains. b. nominal capital gains. c. real capital losses. d. nominal capital losses.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
Other things the same, according to purchasing-power parity, if over the next few years Mexico has a higher money supply growth rate than the U.S., then
a. prices in Mexico will rise by a larger percentage than in the U.S. So, the dollar will appreciate against the Mexican peso. b. prices in Mexico will rise by larger percentage than in the U.S. So, the dollar will depreciate against the Mexican peso. c. prices in Mexico will rise by a smaller percentage than in the U.S. So, the dollar will appreciate against the Mexican peso. d. prices in Mexico will rise by a smaller percentage than in the U.S. So, the dollar will depreciate against the Mexican peso.
Joan can make and bottle 8 smoothies an hour. If she works with a friend, they can make and bottle 18 smoothies an hour. What is the marginal product of labor?
(A) 26 (B) 9 (C) 2 (D) 10