One advantage of a partnership is
A) lower costs.
B) they are easy to form.
C) all the profits go to the older partner.
D) they are double taxed.
B
Economics
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Cash payments for steel to be used in production would be an example of
a. sunk costs b. fixed costs c. explicit costs d. implicit costs e. entrepreneurial costs
Economics
_____ is contrary to a laissez-faire economic system
a. Active government intervention in all economic decisions b. Reliance on prices to adjust to changing market conditions c. The theory put forward by classical economics d. The theory introduced by neoclassical economics e. The market acting as an invisible hand
Economics