Only corporations benefit from limited liability

Indicate whether the statement is true or false


True . Individuals in sole proprietorships and partnerships are personally responsible for debt.

Economics

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You buy new water skis and other new equipment for $2,500 and take a week off of your job, where you earn $1,000 a week, to go water skiing. The equipment you purchased was all produced in the United States. You think that the week was worth $4,000

As a result of your vacation, GDP changes by how much?

Economics

Even limited deregulation can spur business growth and reduce poverty

Indicate whether the statement is true or false

Economics

A right-to-work law is

A) a federal law making the closed shop illegal. B) a federal law making the union shop illegal. C) a state law making the union shop illegal. D) a state law making the open shop illegal.

Economics

A firm wishing to maximize profits will produce at the level of output where:

a. marginal cost is equal to zero. b. its total cost curve intersects its total revenue curve. c. its costs are at a minimum. d. total revenue exceeds total cost by the largest amount. e. marginal revenue exceeds marginal cost by the greatest amount.

Economics