The competition that American businesses have faced in recent years from global competition has:
A. Resulted in government subsidies of many businesses so they can maintain their market share
B. Reduced the use of new technology as more production goes to foreign businesses
C. Led firms to adopt restrictive work rules and production practices
D. Forced firms to become more efficient or go out of business
D. Forced firms to become more efficient or go out of business
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Saving is a ________ variable, and wealth is a ________ variable
A) stock; flow B) stock; stock C) flow; flow D) flow; stock
You and your roommate plan to start a business after college selling pagers. You have personal assets of $20,000 . and she has personal assets of $15,000 . You plan to invest $12,00 . in the business while she plans to invest $8,000 . If the business
goes bankrupt with assets of $20,00 . and liabilities of $50,000 . describe how much each of you stand to lose if you organize (a) as a partnership, and (b) as a corporation.