Limited liability is a characteristic of
A) partnerships only.
B) corporations only.
C) partnerships and proprietorships only.
D) proprietorships only.
Answer: B
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Which of the following statements is correct?
a. Buyers always want to pay less and sellers always want to be paid more. b. Buyers always want to pay less and sellers always want to be paid less. c. Buyers always want to pay more and sellers always want to be paid more. d. Buyers always want to pay more and sellers always want to be paid less.
The price effect of a price decrease by a monopolist refers to:
A) the loss in revenue due to the price reduction. B) the increase in sales due to the price reduction. C) the increase in revenue because of an increase in sales. D) the decrease in the demand for labor due to the lower price of the final product.
If the total revenue received by sellers of DVDs increases by 20 percent when price increases by 10 percent, then demand for DVDs is
A) perfectly elastic. B) unitary elastic. C) inelastic. D) elastic.
Using the aggregate demand-aggregate supply model, explain and demonstrate graphically the short-run and long-run effects of an increase in the money supply
What will be an ideal response?