The only type of business that faces limited liability is a corporation

Workers laid off as a result of a recession suffer

A) structural unemployment. B) seasonal unemployment. C) natural unemployment. D) cyclical unemployment. E) frictional unemployment.

In the long run, a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in inputs results in

A) an increase in output from 100 to 110. B) a decrease in output from 100 to 90. C) an increase in output from 100 to 105. D) a decrease in output from 100 to 85.