One advantage of a partnership is

A) lower costs.
B) they are easy to form.
C) all the profits go to the older partner.
D) they are double taxed.

Answer: B

Economics

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The table above shows the payoff matrix offered to two suspected criminals, Bonnie and Clyde. The payoffs are the years they will spend in prison. The suspected criminals are not allowed to communicate

Given the information in the payoff matrix, the Nash equilibrium is that Bonnie ________ and Clyde ________. A) confesses; denies B) confesses; confesses C) denies; denies D) denies; confesses E) denies; either confess or denies, either outcome is consistent with the Nash equilibrium.

Economics

Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.

A. frictional B. structural C. cyclical D. seasonal

Economics