Tim has a toenail clipping business that is a sole proprietorship. If he is sued for a botched pedicure
A) he has limited liability.
B) he has separation of ownership and control.
C) all of his personal assets are at risk.
D) he will be taxed doubly.
C
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The unemployment rate measures, at a point in time, the ________
A) percentage of workers who do not have a job B) percentage of workers who do not have a job but are looking for work C) percentage of workers who stop working D) percentage of workers who are looking for work E) none of the above
Tom's opportunity cost of mowing a lawn is 2 loads of laundry. Jen's opportunity cost of mowing a lawn is 1.5 loads of laundry. What is the range of prices for mowing a lawn at which Tom and Jen could both benefit from trade?
By excluding discouraged workers from the labor force,
A. the unemployment rate would fall. B. labor productivity increases. C. the unemployment rate would rise. D. the unemployment rate stays the same.
In normal times, the actual money multiplier in the United States is:
A. sometimes negative during a recession. B. approximately equal to 10. C. approximately equal to 3. D. 0 in the long run and 3 in the short run.