Most businesses in the United States are ________, and the type of business organization that accounts for the LEAST amount of total revenues is ________
A) proprietorships; partnerships
B) corporations; proprietorships
C) proprietorships; proprietorships
D) corporations; partnerships
C
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A perfectly price discriminating monopolist charges each buyer:
A. more than his or her reservation price. B. exactly his or her marginal cost. C. the perfectly competitive equilibrium price. D. exactly his or her reservation price.
The nation's structural unemployment will increase when
A) bad economic policies send the economy into a recession. B) there is influx into the labor market of new college graduates. C) there is an increase in post-Christmas layoffs of workers. D) an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs.
Which of the following is NOT included in the M1 measure of money but is included in the M2 measure of money?
A) currency B) traveler's checks C) demand deposits D) small-denomination time deposits
The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. M2 money supply to rise.