Often single-owner proprietorships seem more profitable than they really are. The reason for this is that
A) they receive special tax benefits compared to corporations.
B) they use different accounting procedures.
C) they often fail to consider the opportunity cost of the labor provided by the owner.
D) they are not allowed to deduct depreciation expense.
Answer: C
Economics
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In the above figure, what is the equilibrium level of real consumption spending?
A) $3.0 trillion B) $0.0 trillion C) $1.0 trillion D) $2.0 trillion
Economics
In the classical model, a temporary increase in government purchases causes the new equilibrium to have
A. more employment and a lower real wage than before. B. less employment and a higher real wage than before. C. more employment and a higher real wage than before. D. less employment and a lower real wage than before.
Economics