Define the three main categories of businesses
Please provide the best answer for the statement.
A sole proprietorship is a business owned and managed by an individual. A partnership is a business organization owned and managed by two or more individuals. A corporation is a legal entity that operates as a business.
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Which law was passed to outlaw certain practices not prohibited by the Sherman Antitrust Act?
a. the Clayton Act b. the Smoot-Hawley Act c. the Celler-Kefauver Anti-Merger Act d. the Wheeler-Lea Act e. the Federal Trade Commission Act
Externalities can be positive because
A. marginal damages do not last over time. B. utility can be impacted positively as well as negatively. C. there is no concept for marginal benefit. D. positive externalities are subsidies.
The old-age dependency ratio is the ratio of the size of the 65 and older population to the size of the working-age population.
Answer the following statement true (T) or false (F)
Suppose that real GDP for 2017 was $10,000 billion and real GDP for 2018 was $9,500 billion. What is the rate of growth of real GDP between 2017 and 2018?
A) -10% B) -5% C) -2% D) -1%