Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one advantage to Torrie of setting up her business as a sole proprietorship?
A) As a sole proprietor, Torrie would have the ability to share risk with shareholders.
B) As a sole proprietor, Torrie would face limited liability.
C) As a sole proprietor, Torrie would have both ownership and control over the business.
D) All of the above would be advantages of setting up her business as a sole proprietorship.
C
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As a result of a tariff on imports, consumers in the importing country
a. purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of fewer total goods than without the tariff b. purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff c. purchase more domestically produced goods and more foreign goods, resulting in the consumption of fewer total goods than without the tariff d. purchase fewer domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff e. cease importing any goods at all
What is the relationship between total taxes and net taxes?
a. total taxes = net taxes ? transfer payments b. net taxes = total taxes + local taxes c. net taxes = transfer payments / total taxes d. total taxes = net taxes - transfer payments e. total taxes = net taxes + transfer payments