By 1916, there were 340,000 corporations in the U.S. The growth in the number of corporations was partly due to
a. increasing numbers of urban dwellers.
b. the development of formal markets for stocks and bonds.
c. the acceptance by most states of the doctrine of limited liability.
d. mass production which led to lower per-unit costs for output.
e. All of the above.
e. All of the above.
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Who is likely to complain to state regulatory authorities about unlicensed movers defrauding customers?
A) Consumer organizations B) Individual customers who are planning to move C) Individual customers who have already used unlicensed movers and have not been thoroughly satisfied D) Licensed movers E) Unlicensed movers
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher