Log-linear demand function is also called a constant-elasticity demand function

Tim has a toenail clipping business that is a sole proprietorship. If he is sued for a botched pedicure

A) he has limited liability. B) he has separation of ownership and control. C) all of his personal assets are at risk. D) he will be taxed doubly.

In 1981, U.S. policy makers predicted a balanced budget as: a. the budget included a decrease in defense expenditures

b. the budget included an increase in the tax rate. c. the budget included an increase in unspecified government spending. d. the growth in GDP was expected to be large enough to lead to an increase in tax revenues despite the tax cut. e. the growth in GDP was expected to be small enough to require less government spending.