Proprietorships are
A) the most common form of business organization in the country.
B) responsible for most of the profits in the country.
C) generally large relative to other business organizations.
D) easy to form but difficult to dissolve.
A
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Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve
The quantity of soda Interlace Inc will choose to produce is ________ because when this quantity is produced, ________. A) efficient; marginal social benefit exceeds marginal social cost B) efficient; marginal social benefit equals marginal social cost C) not efficient; marginal social benefit exceeds marginal social cost D) not efficient; marginal social benefit equals marginal social cost
While unions represent only a fraction of the unskilled workers in the U.S. labor market, any wage increase won by unionized workers is most likely shared with non-union unskilled workers
a. True b. False Indicate whether the statement is true or false
If the unemployment rate is 5 percent (full employment), the United States economy is operating
A. inside the production curve. B. on the production curve. C. outside the production curve.
Net public debt is
A. the sum owed by the public to keep the Social Security system afloat. B. the portion of government debt held by private individuals and firms. C. the excess of annual government spending over annual tax revenues. D. the excess of annual tax revenues over annual government spending.