In a partnership, decisions made and liabilities incurred are

a. usually incorrect
b. the same as in a sole proprietorship
c. the same as in a corporation
d. always equally shared by all partners
e. joint

E

Economics

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Specializing on the basis of marginal cost of production and trading allows both parties to consume more than their respective production sets would allow

Indicate whether the statement is true or false

Economics

Business inventories increase when firms produce:

A.  More than they sell, and the inventory increase is added to GDP B.  Less than they sell, and the inventory increase is added to GDP C.  More than they sell, and the inventory increase is subtracted from GDP D.  Less than they sell, and the inventory increase is subtracted from GDP

Economics