Which of the following properties is common to a partnership business?
a. Limited liability
b. Centralized ownership and management
c. Continuity and unlimited existence of the business
d. Co-ownership of contributed assets
D
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Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain your answer
What will be an ideal response?
Part-time workers who want full-time work are counted as only partially employed in the official unemployment statistic
a. True b. False Indicate whether the statement is true or false
People are more likely to purchase a consumer ratings magazine that reviews new automobiles before buying a new car than they are to purchase a consumer ratings magazine that reviews pens and pencils before buying a new pen or pencil. Which of the following best explains this behavior?
a. Because the consumer ratings magazine must have a higher price for the issue reviewing pens and pencils. b. Because the value of the information, in terms of avoiding a mistake on the purchase, is much higher for an automobile than for a pen or pencil, it is more worthwhile to gather this information. c. Because people generally do not know which products are reviewed by these consumer magazines. d. None of the above explain this behavior.
If the Fed raises the discount rate at the same time it conducts an open market sale, it follows that the money supply will
A) fall. B) rise. C) remain unchanged. D) There is not enough information to answer the question.