As a form of business, a sole proprietorship
A) cannot issue stock.
B) has limited liability.
C) has the most government rules and regulations affecting it.
D) has more than one owner.
A
Economics
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Suppose a bank has a desired reserve requirement ratio of 12 percent. If someone deposits $1,000 in the bank
A) immediately after the deposit, excess reserves increase by $880. B) the bank can make loans of $1,000. C) the bank's desired reserves rise by $1,000. D) Both answers B and C are correct.
Economics
Refer to Figure 7-5. If consumers paid the full price of medical services, the equilibrium quantity would be
A) 400. B) 800. C) 1,200. D) > 1,200.
Economics