Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a corporation. What is one advantage to Torrie of setting up her business as a corporation?
A) By setting up the business as a corporation, Torrie would have both ownership and control over the business.
B) By setting up the business as a corporation, Torrie would not face double taxation.
C) By setting up the business as a corporation, Torrie would have the ability to share risk with shareholders.
D) All of the above would be advantages of setting up her business as a corporation.
C
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A worker supplies labor to the market if the
A) wage is less than the reservation wage. B) wage is greater than the reservation wage. C) minimum wage is less than the reservation wage. D) demand for labor exceeds the supply of labor.
A $1 increase in autonomous spending has a multiplier effect greater than one on total expenditures and output because
A) each expenditure is respent in the same amount continuously. B) overtime expenditures tend to increase. C) total expenditures include autonomous expenditures. D) each time an expenditure occurs the recipient respends a proportion of the funds.