A Balanced Budget Amendment would be
A. homocyclical.
B. procyclical.
C. countercyclical.
D. heterocyclical.
Answer: B
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Financial capital is money raised by business owners to fund new business ventures
Indicate whether the statement is true or false
A sole proprietorship is the type of business that has ________ government rules and regulations affecting it
A) the fewest B) the most C) no D) only federal
If the price of gloves increases, total expenditures on gloves will decline if
a. the demand for gloves is inelastic. b. the demand for gloves is elastic. c. the quantity of gloves purchased is unresponsive to changes in price. d. there are few good substitutes for gloves.
Which of the following is a TRUE statement?
A. Opportunity costs turn external costs into social costs. B. Opportunity costs always exist with whoever has property rights. C. Voluntary agreements can always yield a situation in which all externalities are internalized. D. Any property right system will yield a situation in which all externalities are internalized.