Which form of business organization accounts for the largest proportion of sales in the United States?
A. the subchapter S partner-based proprietorship.
B. the proprietorship
C. the partnership
D. the corporation
Answer: D
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Fill in the blank: The Players Union went on strike against the NBA during the 1998-1999 season, canceling games for weeks
Other things constant, the strike and subsequent cancellation of games would tend to ________ the price elasticity of demand for hockey tickets during the same period the NBA games were canceled. A) worsen B) preserve C) increase D) decrease
What is the "reverse causality" problem in determining cause and effect?
A) It is a problem that occurs when one concludes that a change in variable X caused a change in variable Y when in actual fact, it is a change in variable Z that caused a change in variable Y. B) It is a problem that arises when two variables are inter-connected so that a change in variable X causes a change in variable Y, and a change in variable Y causes a change in variable X. C) It is a problem that occurs when one concludes that a change in variable X caused a change in variable Y when in actual fact, it is a change in variable Y that caused a change in variable X. D) It is a problem that occurs when one observes that a change in variable X caused a change in variable Y which caused a change in variable Z and concludes that a change in variable X caused a change in variable Z.
Hyperinflation:
a. Destroys the standard of deferred value and store of value functions of money but not the others. b. Destroys the unit of account and medium of exchange functions of money but not the others. c. Destroys the unit of account and store of value functions of money but not the others. d. Tends to destroy none of the functions of money because a society always needs money. e. Tends to destroy all the functions of money.
When price is $2
A. there is a surplus.
B. there is a shortage.
C. quantity demanded is less than quantity supplied.
D. price must fall to get to equilibrium.