All of the following are advantages of a corporation EXCEPT
A. unlimited life.
B. limited liability.
C. double taxation.
D. ability to raise large sums of financial capital.
Answer: C
Economics
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Which of the following is a problem inherent in centrally planned economies?
A) Production managers are more concerned with satisfying consumer wants than with satisfying government's orders. B) There is too little production of low-cost, high-quality goods and services. C) Exports tend to exceed imports. D) Households and firms make poor decisions in choosing how resources are allocated.
Economics
Compare perfect competition and monopolistic competition. In what ways are they similar? In what ways are they different?
What will be an ideal response?
Economics