What are the advantages of setting up a proprietorship or partnership as opposed to a corporation?

The velocity of circulation grows at 1 percent and real GDP grows at 3 percent. If the quantity of money grows at 2 percent, the inflation rate is

A) 8 percent. B) 10 percent. C) zero. D) 2 percent. E) 4 percent.

In a perfectly competitive market, which of the following determines the market price?

A) market demand and a firm's supply B) market supply and a firm's demand C) a firm's demand and its supply D) market demand and market supply