Proprietorships generally have unlimited liability, whereas partnerships and corporations have limited liability

A major explanation for the decline in employment projected in textiles is

A) increases in income. B) social problems in the U.S. C) shifts in production toward low-wage countries. D) inaccurate expectations about productivity growth. E) inaccurate expectations about the price level.

Who gets scarce resources in a market economy?

a. the government b. whoever the government decides gets them c. whoever wants them d. whoever is willing and able to pay the price