The majority of business revenues earned in the United States are earned by
A) proprietorships.
B) corporations.
C) partnerships.
D) cooperatives.
Answer: B
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If the Fed sells government bonds in the open market, it will cause:
A) a downward movement along the supply curve for reserves. B) a shift of the supply curve for reserves to the left. C) a shift of the supply curve for reserves to the right. D) an upward movement along the supply curve for reserves.
The long-run Phillips curve represents the relationship between the inflation rate and the unemployment rate when there is no ________ unemployment
A) cyclical B) frictional C) seasonal D) structural E) natural
In perfect price discrimination, consumer surplus is zero because each consumer pays: a. the market price
b. the cost price. c. peak load price. d. the reservation price
Refer to the information provided in Figure 13.6 below to answer the question that follows.
Figure 13.6 Refer to Figure 13.6. The profit-maximizing price for the Memory Company's high school yearbook is
A. $0. B. $9. C. $16. D. $20.