High levels of inflation ________ the real value of money and, hence, ________ short-run equilibrium output.

Since the "winners" from free trade can more than compensate the "losers" why does it matter if wages and employment fall when a country engages in free trade?

What will be an ideal response?

A partnership is a business:

A. that has only one owner. B. legally treated as a person and owned by stockholders who are not liable for the actions of the corporate "person." C. in which each owner is liable only to the extent of his or her own investment. D. with two or more owners, with each owner liable for every other owner's actions.