Which of the following bonds are considered to be default-risk free?

If minimum wage legislation does not cause unemployment, then:

A. those who work for minimum wage will benefit. B. firms will generally gain by earning higher profits. C. most likely the government won't study how minimum wage legislation may affect employment. D. minimum wages may still be binding for many employees.

A difference between a proprietorship and a partnership is that

A. a proprietorship has only one owner while a partnership has only two owners. B. a partnership allows for specialization while a proprietorship does not. C. the profits in a proprietorship are taxed only once while in a partnership they are taxed twice. D. a proprietorship is easy to form while a partnership is hard to form.