Which of the following is NOT an advantage of a partnership?
A) limited liability
B) easy to form
C) Profits are subject to only personal taxation.
D) permits more effective specialization in occupations
Answer: A
Economics
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If the nation's economy were always on its long-run growth path, then unemployment would be equal to
A) the natural rate of unemployment. B) frictional unemployment. C) cyclical unemployment. D) structural unemployment.
Economics
Liberals tend to favor increasing taxes as the method of counteracting inflation.
Answer the following statement true (T) or false (F)
Economics