Unlike the person or persons who formally form a sole proprietorship or partnership, a corporation has

(a) a perpetual life.
(b) unlimited liability for the debts accumulated by the firm.
(c) the right to vote.
(d) concentrated ownership.

(a)

Economics

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If there is both a decrease in immigration and an increase in workers' non-wage incomes, a. the supply of labor will increase

b. the supply of labor will decrease. c. the supply of labor will remain unchanged. d. the effect on the supply of labor will be indeterminate.

Economics

A demand relationship in which the quantity demanded changes exactly in proportion to the change in price is

A) elastic. B) unit-elastic. C) inelastic. D) consistent with zero elasticity.

Economics