Unlike a sole proprietorship, a corporation's shareholders
A) own the firm and directly manage it as well.
B) own the firm but do not directly manage it.
C) do not own the firm but directly manage it.
D) do not own the firm and do not directly manage it.
Answer: B
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In the liquidity preference framework, a one-time increase in the money supply results in a price level effect. The maximum impact of the price level effect on interest rates occurs
A) at the moment the price level hits its peak (stops rising) because both the price level and expected inflation effects are at work. B) immediately after the price level begins to rise, because both the price level and expected inflation effects are at work. C) at the moment the expected inflation rate hits its peak. D) at the moment the inflation rate hits it peak.
Briefly describe the difference between the following models: censored and truncated regression model, count data, ordered responses, and discrete choice data. Try to be specific in terms of describing the data involved
What will be an ideal response?