A legal organization of a firm where the business is owned by one individual who makes the business decisions, receives all the profits, and is legally responsible for the debts of the firm is a(n)
A) corporation.
B) entrepreneur.
C) proprietorship.
D) partnership.
C
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What is the difference between an autonomous change in spending and an induced change in spending?
What will be an ideal response?
When a natural monopoly is? inevitable, the government often sets a maximum price that the monopolist can charge consumers. Under an average ?-cost pricing? policy, the government picks the price at which the market demand curve intersects the? monopolist's long ?-run ?average-cost curve. The firm will earn a normal profit.
When a natural monopoly is? inevitable, the government often sets a
price that the monopolist can charge consumers. Under
pricing? policy, the government picks the price at which the
curve intersects the? monopolist's
?average-cost curve. The firm will earn
profit.
At what point could the Euro be used as currency?
A) January 1, 1998 B) January 1, 1999 C) January 1, 2000 D) January 1, 2002
For this question, assume that investment spending depends only on output and no longer depends on the interest rate. Given this information, an increase in the money supply
A) will cause investment to decrease. B) will cause investment to increase. C) will cause a reduction in the interest rate. D) will have no effect on output or the interest rate. E) will cause an increase in output and have no effect on the interest rate.