The issue of the separation of ownership and control is concerned with the fact that:
A. many small proprietorships are actually controlled by large corporations.
B. major decisions in large corporations are generally made by professional managers rather than the owners of the corporation.
C. most farms are owned by landlords who do not live on the farms.
D. politicians pass laws to control corporations, but since corporations cannot vote, they cannot protest such control.
Answer: B
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Which of the following statements is true of economic growth?
A) Countries with inclusive institutions are likely to grow faster than countries with extractive institutions. B) In comparison to countries with extractive institutions, economic growth in countries with inclusive institutions is more likely to stagnate in the long run. C) Countries with extractive institutions are likely to grow faster than countries with inclusive institutions. D) Countries with extractive institutions are likely to grow at the same rate as countries with inclusive institution.
Unlike social insurance taxes, income taxes are paid on wages only
Indicate whether the statement is true or false