In a partnership of two people
A) each person has 50 percent liability.
B) it is more difficult to specialize with two persons than with one.
C) each person has unlimited liability.
D) the law releases each partner from legal liabilities.
Answer: C
Economics
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The combined incomes of Walmart, ExxonMobil and Chevron total more than the GDP of:
a. Belgium b. Denmark c. Ireland d. all of these
Economics
A technological breakthrough lowers the cost of manufacturing microwave ovens. As a result, the market changes to a new equilibrium because of
a. an upward movement along the demand curve for microwave ovens. b. a rightward shift in the demand curve for microwave ovens. c. a rightward shift in the supply curve for microwave ovens. d. a shortage of microwave ovens.
Economics