For legal purposes, a corporation is treated as
A. an individual.
B. a nonprofit organization.
C. a partnership.
D. a limited partner in a partnership.
Answer: A
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From the Civil War up to 1914, the United States adhered to a
A) gold standard. B) silver standard. C) bimetallic standard. D) bronze standard. E) copper standard.
In order to change the money supply, the Fed might use all of the following tools except:
A. open market operations. B. discount window. C. reserve requirement. D. deficit spending.
A group of countries that allows free trade among its members and puts up common barriers against all other countries' goods is called:
A. an autarky. B. a tariff-free zone. C. a most-favored-nation agreement. D. a free trade association.
Which group within the National Bureau of Economic Research officially determines whether the economy is in a recession or expansion?
A. The G-4 B. The Business Cycle Governors C. The Turning Point Group D. The Business Cycle Dating Committee