Which of the following statements is true?
A) Corporations can issue stocks and bonds, while proprietorships cannot.
B) Corporations face fewer taxes than do proprietorships.
C) Corporations have one owner, while proprietorships have many owners.
D) Proprietorships have limited liability while corporations have unlimited liability.
A
You might also like to view...
Point C on the production possibilities frontier in the above diagram illustrates
A) a point that achieves production efficiency. B) a combination of goods and services that cannot be produced efficiently C) all goods and services that are desired but cannot be produced due to scarce resources. D) a production point that has underutilization of resources
Which of the following best explains the negative slope of the short-run Phillips curve?
A) Short-run aggregate supply increases at the same pace as aggregate demand increases so that inflation and unemployment do not change. B) Weak growth in aggregate demand keeps the economy below potential GDP, so unemployment rises but inflation falls. C) Aggregate demand grows so quickly that the inflation rate rises as unemployment rises. D) Long-run aggregate supply increases quickly enough that inflation falls as unemployment also falls.