Limited liability is a benefit to
A) sole proprietorships.
B) partnerships.
C) corporations.
D) All of the above.
C
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Globalization is the process of countries imposing trade restrictions on other countries
Indicate whether the statement is true or false
Refer to Figure 15-9. What is the difference between the monopoly output and the perfectly competitive output?
A) 140 units B) 240 units C) 340 units D) 560 units
The major categories of federal government spending are
a. health care, national defense, Social Security, and other income transfers. b. law enforcement, environmental protection, and national defense. c. public education, garbage collection, and public parks. d. health care, public education, and highways.
If, regardless of price, the quantity demanded is a constant amount, then the demand curve is:
A. horizontal. B. vertical. C. upward sloping. D. downward sloping.