The official poverty level in the United States
a. has been the same since 1980
b. is the same as in other developed countries because it is based on a United Nations definition
c. is defined by the United Nations
d. is defined by the Department of Agriculture and based on food costs
e. has been adjusted for inflation but not for changes in family size
D
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A comparative advantage is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation
Indicate whether the statement is true or false
Assume you set up a sole proprietorship and your lawyer tells you that as the owner, you could stand to lose your personal wealth if the business goes bankrupt. This means a sole proprietorship
A) is not a good type of business to set up. B) faces limited liability. C) faces unlimited liability. D) has little chance of succeeding.