A? ________ has unlimited? liability, but the various? _______ who own the stock face only limited liability.
A. ?corporation; shareholders
B. sole? proprietorship; board members
C. ?partnership; partners
D. sole? proprietorship; individuals
E. limited? partnership; board members
A. ?corporation; shareholders
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If we add successive laborers to work a given amount of land on a wheat farm, eventually
A) average total cost will fall to zero. B) the increases in wheat harvested will rise at a constant rate. C) the increases in wheat harvested will get smaller and smaller. D) the increases in wheat harvested will get larger and larger.
Which question is an illustration of a microeconomic question?
A. Is the purchasing power of the dollar higher or lower today than it was in 2005? B. Is the quantity of wine purchased in one year dependent upon the price of wine? C. Does government spending influence the total level of employment in the economy? D. Is capitalism superior to socialism?