Who controls a sole proprietorship?
A) owner B) bondholders C) stockholders D) employees
A
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One of the reasons that a firm can be ________ efficient than a market is that the firm ________
A) more; does not have any economies of scale B) more; lowers transactions costs C) less; has economies of scope D) less; produces lower profits
In the ISLM framework, monetary policy has the greatest impact on equilibrium income when
A) money demand = money supply. B) money demand is infinitely elastic. C) the interest rate is low. D) the investment function is highly interest-sensitive.
Which statement is true regarding the difference between the demand curves for a monopolistic competitor and a monopolist?
a. A monopolistic competitor’s perceived demand curve is protected by barriers to entry. b. A monopolistic competitor's perceived demand curve is based on product differentiation and number of competitors. c. A monopolist’s perceived demand curve is based on product differentiation and number of competitors. d. A monopolistic competitor's perceived demand curve is the market demand curve.
The purpose of establishing the Federal Reserve System was
A. to regulate commercial banking. B. to provide for a more elastic currency. C. to increase the confidence in the nation's banks. D. All of the choices are correct.