Which of the following is not an advantage of starting a new business as a proprietorship?
A) A proprietorship has few government rules and regulations to comply with.
B) The owner has complete control over the business.
C) Business profits are only taxed once, not twice.
D) A proprietorship can easily attain additional funding.
D
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A bank advertises a very competitive loan interest rate. Explain what measures the bank can take to address adverse selection.
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. It is rare that actual and potential real GDP are equal. 2. The potential output in the United States grows over time, so the LRAS is shifting leftward over time. 3. Cost-push inflation causes an inflationary gap. 4. The classical school is associated with French economist John Maynard Keynes. 5. Economists continue to debate the actual shape of the short-run aggregate supply curve.