Diamonds are considered:
A. physical capital.
B. a renewable resource.
C. a nonrenewable resource.
D. technology.
Answer: C
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Which of the following would be a disadvantage of the partnership form of business?
a. limited liability b. too many products c. unlimited liability d. profits flow directly to the one person responsible for creating it e. one person must make all of the important managerial decisions
The primary purpose of the statement of cash flows is to provide information
A. about a company's investing and financing activities during an accounting period. B. regarding a company's financial position at the end of an accounting period. C. about a company's cash receipts and cash payments during an accounting period. D. regarding the results of operations for a period of time.
In Figure 22.1 and ignoring any possible externalities, the net benefit to society of this market is 
A. ABC B. 0ACQ* C. BP*C D. 0P*CQ*
Government regulations to reduce the possibility of financial panic include all of the following EXCEPT
A) transactions costs. B) restrictions on assets and activities. C) disclosure. D) deposit insurance.