Which type of business has the most government rules and regulations affecting it?
A) partnership
B) sole proprietorship
C) corporation
D) They all have the same set of rules and regulations affecting them.
C
You might also like to view...
The major dilemma facing Boeing and Airbus is the
A) fact that neither will respond to the behavior of the other. B) certainty surrounding the reaction of each firm to the behavior of the other firm. C) fact that if each firm separately tries to maximize its profit, it might wind up with less profit that otherwise. D) competition from other firms that drives their economic profit to zero. E) fact that when they collude to maximize their profit, the other firm's profit might be larger than its profit.
If the federal government is running a budget surplus,
a. its expenditures must be greater than its revenues. b. the supply of money will decline. c. it will be able to reduce its outstanding debt. d. the U.S. Treasury will have to borrow additional funds in order to cover the surplus.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
Economists assume that the goal of consumers is to
A) do as little work as possible to survive. B) make themselves as well off as possible. C) spend all their income. D) consume as much as possible.