Which type of businesses earns the majority of profits in the United States?

A) corporations B) sole proprietorships
C) partnerships D) none of these

A

Economics

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When the Smiths were shopping for their present home, the asking price from the previous owner was $250,000.00. The Smiths had decided they would pay no more than $245,000.00 for the house

After negotiations, the Smiths actually purchased the house for $239,000.00. They, therefore, enjoyed a consumer surplus of A) $239,000.00. B) $5,000.00. C) $6,000.00. D) $11,000.00.

Economics

If the CPI this year is 220 and was 200 in last year, the annual inflation rate between the two years is

A) 5 percent. B) 10 percent. C) 20 percent. D) 2 percent.

Economics