The characteristic of limited liability enables corporations to
A. raise large amounts of financial capital.
B. exist even when owners die.
C. start up and dissolve easily.
D. avoid taxes on some of their profits.
Answer: A
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Government purchases have the same multiplier effect as business investment spending
a. True b. False Indicate whether the statement is true or false
Fractional reserve banking has three crucial features: bank profitability, bank discretion over the money supply, and bank exposure to runs.
Answer the following statement true (T) or false (F)
In a market system, the what, how and for whom questions in economics are determined by
A) those who are not in the market. B) buyers and sellers together. C) the central authority. D) no one.
The theories of investment were developed by
A) Friedman and Phelps. B) Hicks and Hansen. C) Modigliani and Friedman. D) Lucas and Sargent. E) Tobin and Jorgenson.