If a business is run as a sole proprietorship,
a. it is not allowed to borrow money
b. the financial liability of the owner is limited to the amount invested in the business
c. all of the profits earned in the business flow to the proprietor
d. at least two persons are involved in all management decisions
e. it cannot hire nonfamily members to work in the business
C
Economics
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Between 2001 and 2015, equilibrium college tuition rose from $15,000 to $27,000 and equilibrium enrollment increased from 16 million to 21 million students. These changes could be the result of
A) an increase in demand. B) an increase in supply. C) a decrease in demand. D) a decrease in supply.
Economics
Which of the following is a basic human need?
a. Transportation b. Healthcare c. Money for gas d. College level education e. Savings
Economics