Which of the following is not an advantage of starting a new business as a partnership?
A) The owners have complete control over the business.
B) A partnership can easily attain additional funding.
C) A partnership has few government rules and regulations to comply with.
D) Business profits are only taxed once, not twice.
B
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Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents factor services?
A) Arrow A B) Arrow B C) Arrow C D) Arrow D
U.S. industries like steel, computers, and energy need to be protected from foreign competition to ensure which of the following?
(A) The protection of these industries as they develop. (B) The presence of these industries during a crisis. (C) The incentive for these industries to become more efficient. (D) The economic advantages caused by their production.