A corporation is not
a. a legal identity separate from shareholders
b. eligible to issue stock as a method of acquiring capital to expand operations
c. allowed to file for bankruptcy protection
d. a business form allowing owners to earn income
e. a business organization whose ownership is the same as management
E
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Under what circumstances do rates of economic growth understate the growth of economic well-being?
A. Economic growth has occurred because of the increased length of the workweek. B. Product quality has improved. C. Air quality has declined as real GDP has increased. D. Population has grown faster than real output.
A likely consequence of debt default is _____ .
a. a decrease in the federal cost of borrowing. b. an increase in unemployment due to growing uncertainty. c. a sudden decline in the market interest rates. d. an increase in the credit flows in an economy.