What type of business is the easiest to set up?
A) corporation
B) sole proprietorship
C) partnership
D) There is no difference in the ease of establishment.
B
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A good measure of a country's level of economic integration with a currency area is
A) the intersection of DD and GG. B) the country's price level. C) the compatibility of economic policies. D) the intersection of AA and GG. E) the extent of trade between the joining country and the currency area and the ease with which labor and capital can migrate between the joining country and the currency area.
The excess supply created when governments impose a price floor is:
A. shrinking as the floor rises. B. the difference between the old quantity supplied and new quantity demanded. C. the difference between the new quantity supplied and the old quantity demanded. D. the difference between the new quantity supplied and the new quantity demanded.