Of the owners of the following firms, which does NOT have unlimited liability for the business' debts?
A) Roy Ray's Grocery Store, Roy Ray, proprietor
B) the partnership of Reese and Jones, Attorneys-at-Law
C) the Microsoft Corporation
D) Wren's Feed and Seed Store, a proprietorship
Answer: C
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If an economy experiences a $0.8 trillion increase in investment resulting in an increase in real GDP from $10 trillion to $12 trillion,
a. what is the change in equilibrium expenditure? b. what is the change in autonomous expenditure? c. what is the multiplier? d. how would an increase in the marginal tax rate effect the multiplier?
The United States first became a creditor nation in the year _______.
Fill in the blank(s) with the appropriate word(s).
A supply shock that reduces total factor productivity directly affects which term in the production function Y = AF(K, N)?
A) A B) F C) K D) N
If labor costs rise at the same time that the federal government decreases its purchases, in the short run
A) aggregate output and the price level will both increase. B) aggregate output will increase, but the price level will fall. C) aggregate output and the price level will both fall. D) aggregate output will fall, but the price level may either increase or decrease.