An advantage of a corporation is
A) the ability to raise large sums of financial capital.
B) unlimited liability on the part of shareholders.
C) the fact that ownership and control are never separated.
D) the fact that the corporation is dissolved when one of its owners dies.
Answer: A
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A change in demand for a resource can be caused by
a. proportion of economic rent in the total earnings of the resource b. opportunity cost of the resource c. price of the resource d. a change in the number of firms producing the final product e. ease with which resources can be put to alternative uses
The aggregate demand curve is downward sloping because
a. an increase in the price level will cause an increase in spending on goods and services. b. at lower price levels, real wealth decreases, causing a decrease in the quantity demanded of goods and services. c. at lower price levels, interest rates increase, causing a decrease in the quantity demanded of goods and services. d. at lower price levels, net exports increase, causing an increase in quantity demanded of goods and services.