Unlimited liability explains why
a. bondholders don't buy stock
b. many proprietors are reluctant to expand their businesses
c. banks are reluctant to lend money to corporations
d. sole proprietors prefer not to incorporate
e. many businesses go bankrupt
B
Economics
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\Suppose the quantity demanded of steak is 200 million pounds per year when the price is $6 per pound and 400 million pounds per year when the price is $2 per pound. The price elasticity of demand for steak over this range is:
a. elastic. b. inelastic. c. unitary elastic. d. perfectly elastic. e. perfectly inelastic.
Economics
If people's incomes decrease, their demand for other currencies shifts to the right
a. True b. False Indicate whether the statement is true or false
Economics