If the reserve ratio is 0.9, the money multiplier will be 10

The Employment Act of 1946 reflects which one of the following functions of government?

A) providing a legal system B) improving economy-wide stabilization C) correcting externalities D) providing public goods

Answer the following questions true (T) or false (F)

1. The only type of business that faces limited liability is a partnership. 2. In the United States, sole proprietorship profits are taxed at the business level and then are taxed again as personal income in the form of dividend payments. 3. Corporations are legally owned by their board of directors.