Bob and Rob have started a food delivery business together called Grub Galore in their college town. They have not incorporated their business and they run it from? Bob's basement and garage. Grub Galore is an example of which form of business? ownership?
A. Sole proprietorship
B. Limited liability company
C. Master limited partnership
D. Corporation
E. Partnership
E. Partnership
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Answer the following statement(s) true (T) or false (F)
1. The major categories of market instruments are: pollution charges, deposit/refund systems, subsidies, and pollution permit trading systems. 2. A payment or tax concession aimed at lowering the cost of abating is called a pollution charge. 3. Because polluters ignore the MEC of environmental damage linked to the production of a good, too few resources are allocated to producing that good. 4. A pollution charge follows the “polluter-pays principle.” 5. If production of a good generates an environmental negative externality, the effect of that externality is captured by the MEC of production.
The price of bonds is tied to the interest rate; when one goes up, the other must fall
a. True b. False Indicate whether the statement is true or false
The aggregate supply curve shows the relationship between the:
a. The Consumer Price Index and the level of output. b. Real risk-free interest rate and expected inflation. c. The nation's average price level (i.e., the implicit price index) and the level of output. d. Nominal exchange rate and level of output. e. None of the above.
Due to a "baby bust" in the 1960s and 1970s, fewer people entered the labor market in the 1980s and 1990s
This demographic event ________ the natural unemployment rate thereby shifting the short-run Phillips curve ________ and shifting the long-run Phillips curve ________. A) increased; leftward; rightward B) decreased; rightward; rightward C) decreased; leftward; leftward D) increased; rightward; rightward E) increased; rightward; leftward