As of 2015, approximately what percentage of U.S. firms are sole proprietorships?
A. 84 percent.
B. 50 percent.
C. 72 percent.
D. 18 percent.
Answer: C
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The firm in the above figure breaks even when quantity is
A) A. B) B. C) C. D) D.
A production function represents the:
A. relative values of the inputs and modes of production. B. relative costs of the inputs across various modes of production. C. relationship between the quantity of inputs and the quantity of outputs. D. relationship between the cost of the inputs and the revenue generated by the outputs.
An increase in the supply of money will:
a. reduce the rate of interest and, thereby, trigger an increase in current spending by households and businesses. b. reduce aggregate demand and real output. c. increase only the general level of prices. d. lead to a higher rate of unemployment.
The Safe Drinking Water Act Amendments of 1996
a. govern U.S. water quality today b. established the Drinking Water State Revolving Fund (DWSRF) c. call for setting drinking water standards that are solely benefit based d. all of the above e. (a) and (b) only