The greatest advantage of a corporation is
A) ease of setting up the business.
B) the double taxation of dividends.
C) separation of ownership and control of the business.
D) limited liability.
Answer: D
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The diagram above illustrates the market for apartments in Victoria, British Columbia
a) If the current rent is $300 per month, is there a shortage or surplus in the apartment market and how much is the shortage or surplus? b) What is the equilibrium rent and quantity of apartments?
The short-run impact of an unanticipated shift to a more restrictive monetary policy is most likely to be a reduction in
a. prices, while real output is unaffected. b. the rate of unemployment. c. real output. d. the size of the budget deficit.
Aniella believes that the demand for unskilled labor is relatively inelastic. Carmella believes that the demand for unskilled labor is relatively elastic. Which believes that a minimum-wage law will result in significant unemployment?
Speculative attacks against a currency are caused by fears of:
A. monetary policy tightening. B. exchange rate revaluations. C. exchange rate devaluations. D. balance-of-payments surpluses.