Which is a disadvantage of a sole proprietorship?
a. lack of permanence
b. high taxes
c. legal constraints
d. difficult to start up
Ans: a. lack of permanence
Economics
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The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the resources lost because of job search?
A) area A B) area B C) area C D) area D E) area E
Economics
A Lorenz curve measures
A) the benefits received through welfare programs. B) the actual income distribution and compares it to an equal income distribution. C) the degree to which income taxes are regressive. D) the effect of flat taxes on income distribution.
Economics