Entrepreneurs
A) and managers are found on the same organizational level.
B) are usually found in small firms.
C) are usually found in larger firms in order to access financial capital.
D) are found in firms of all sizes.
B
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Which of the following statements is correct concerning the burden of a tax imposed on take-out food?
A.We have to know whether it is the buyers or the sellers that are required to pay the tax to the government in order to make this determination. B. Sellers bear the entire burden of the tax. C. Buyers bear the entire burden of the tax. D. Buyers and sellers share the burden of the tax.
Nonrivalry in consumption and the inability to exclude nonpaying consumers from using the goods are characteristics of what kinds of goods?
a. durable b. nondurable c. public d. private