All of the following are characteristics of a proprietorship EXCEPT
A) the business is owned by one individual.
B) one person is responsible for all the debts of the firm.
C) one person gets all of the profits.
D) the firm can form a corporation to protect itself against the debts.
D
Economics
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If the marginal benefit of a good is less than its marginal cost, then the nation should:
A. Produce more of that good B. Maintain the current level of production of that good C. Reduce the marginal benefit of that good D. Reduce the production of that good
Economics
If, between 2008 and 2018, the economy's real GDP grew from $20 billion to $40 billion, what was the average annual growth rate in the economy?
A) 3% B) 7% C) 20% D) 100%
Economics