Which of the following cannot be controlled precisely by the Federal Reserve?

Comparing proprietorships with partnerships, which is TRUE?

A) In both cases, profits are taxed only once. B) Partnerships outnumber proprietorships 2-to-1 in the United States. C) Proprietorships generally end with the death of the owner, but partnerships continue as long as at least one partner survives. D) A proprietor faces unlimited liability for her firm's debts, but in a partnership each partner is only responsible for an even share of the firm's indebtedness.

Which of the following correctly describes the external benefit resulting from an individual's purchase of a winter flu shot?

a. The flu shot is cheaper than the cost of treatment when you get the flu. b. The income of doctors increases when you get the flu shot. c. The flu shot reduces the likelihood others will catch the flu. d. The flu shot reduces the likelihood you will miss work as the result of sickness; therefore, you will earn more income.