If the personal assets of the owners can be claimed if the business is bankrupt, the owners are said to have

A) unlimited liability.
B) a corporation type of business.
C) limited liability.
D) separation of ownership from control.

Answer: A

Economics

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In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year

A) 5% B) 16% C) 27% D) 43%

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The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the deadweight loss?

A) area A B) area B C) area C D) area D E) area E

Economics