The responsiveness of demand to changes in income holding the good's relative price constant is

An expansionary monetary policy, all else equal, will:

A) depreciate the domestic currency. B) appreciate the domestic currency. C) all of the above. D) none of the above.

What is one of the biggest differences between a sole proprietorship and a corporation?

A) Sole proprietorships offer stock. B) Corporation shareholders elect the managers of the firm. C) Sole proprietorships have limited liability. D) Corporations are the only profitable firms.