A sole proprietorship with unlimited liability and full control over daily operations is one form of business ownership
Indicate whether the statement is true or false
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Refer to Figure 17-2. At which point is the unemployment rate equal to the natural rate of unemployment?
A) A B) B C) C D) There is insufficient information on the graph to answer this question.
Moving down along an indifference curve: a. total utility remains constant
b. total utility decreases. c. total utility increases. d. total utility first decreases and then increases.
The long-run effects of rent controls are a good illustration of the principle that
a. society faces a short-run tradeoff between unemployment and inflation. b. the cost of something is what you give up to get it. c. people respond to incentives. d. government can sometimes improve on market outcomes.
A currency support policy consists of the:
A. selling of a currency to maintain its value above its short-term equilibrium value. B. buying of a currency to maintain its value above its long-term equilibrium value. C. selling of a currency to offset fluctuation in supply and demand for the currency. D. buying of a currency to maintain its value below its long-term equilibrium value.