Which type of business has the most government rules and regulations affecting it?
A) sole proprietorship
B) partnership
C) corporation
D) They all have the same set of rules and regulations affecting them.
Answer: C
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Based on the table above, the cost of the base period market basket in the base period is
A) $3,300. B) $21.00. C) $3,250. D) $4,650. E) $4,885.
What best determines the price a price taker will charge?
A) Demand B) Revenue C) Cost D) Reputation
Given the information in the table above, Home's opportunity cost of widgets is
A) 0.5. B) 2.0. C) 6.0. D) 1.5. E) 3.0.
If the Fed wants to shift toward a more expansionary policy, it often announces that it is going to change the federal funds interest rate. The Fed controls the federal funds interest rate
a. by imposing legal restrictions that prohibit exchanges at interest rates other than the ones designated by the Fed. b. by having the U.S. Treasury fix this interest rate c. through its policy of open market operations. d. by altering the size of the federal budget deficit or surplus.