All of the following are advantages of organizing a business as a sole proprietorship EXCEPT
A) ease of formation.
B) limited liability.
C) ease of decision-making.
D) single taxation.
B
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The interest rate in the federal funds market:
a. is determined by the imposition of price controls imposed by the Fed. b. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves. c. will fall if the Fed sells bonds and, thereby, reduces the reserves available to banks. d. is an interest rate that is largely unaffected by the policies of the Fed.
What important changes have occurred in the composition of the labor force since 1960? Is the popular image of the American worker as a factory worker accurate? Describe the types of jobs Americans are working in today
Relative purchasing power parity is:
a. More accurate the shorter the time period. b. Worse than absolute purchasing power parity at predicting changes in exchange rates. c. Highly inaccurate because of the conflict between monetary policy and fiscal policy. d. More accurate the longer the period of time. e. All the above.
The Budget Act of 1990 aimed at reducing the federal deficit by a total of about $______ billion over the period 1991-95.
Fill in the blank(s) with the appropriate word(s).