Payment by firms to landlords for commercial space is counted in aggregate accounting as:
A. rents.
B. employee compensation.
C. profits.
D. interest.
Answer: A
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Indicate whether the statement is true or false
The rationality assumption states that
A) all actions taken by consumers are based on what is good for society. B) people make decisions regardless of how the outcome will affect them. C) people make decisions to buy only those goods that they need rather than goods that they want. D) people do not intentionally make decisions that would leave them worse off.
What happened to the peso when the Argentine government succumbed to the market forces in 2002?
A. Revalued B. Devalued C. Depreciated D. Appreciated
As a form of business, a sole proprietorship
A) has limited liability. B) has more than one owner. C) cannot issue stock. D) has the most government rules and regulations affecting it.