Suppose exports are less than imports. Given this information, we know with certainty that

Discouraged workers who want jobs but have stopped looking for jobs are:

A. frictionally unemployed. B. unemployed due to structural unemployment. C. no longer in the labour force. D. helped by minimum-wage legislation.

Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one disadvantage to Torrie of setting up her business as a sole proprietorship?

A) As a sole proprietor, Torrie would not have control of the business. B) As a sole proprietor, Torrie would face unlimited liability. C) As a sole proprietor, Torrie would be taxed twice. D) As a sole proprietor, Torrie would be subject to significant rules and regulations.