The market clearing price of corn has just increased. Which of the following could have caused this change?

Limited liability is a benefit available only to

A) sole proprietorships. B) partnerships. C) corporations. D) All of the above.

Is the claim that environmental standards reduce industrial competitiveness valid?

A) Yes, because environmental standards raise costs to businesses. B) No, because consumers will want to buy from firms that pollute less. C) No, because environmental standards have little effect in high-income countries. D) Yes, because environmental standards will cause the imposition of WTO sanctions.