When people like yourself hold money in the event that a good opportunity may arise, such as the opportunity to purchase high interest-bearing assets, economists classify this money as satisfying your

The time consistency problem implies that

A) the central bank should not commit. B) central bank commitment is useful. C) discretion is better than tying your hands. D) there are problems we cannot solve.

Which of the following is considered an advantage of a sole proprietorship?

A) easy to raise large sums of capital B) limited liability for owner C) profit taxed only once D) permits effective specialization