Econ Chapter 7: Q3 Review

A disadvantage of forming a corporation is:

A group of individuals coming together as a unit to negotiate a contract is an example of:

Curve pictured below:

Where P & Q meet in the graph

Which of the following is NOT a way employers used to deal with employees on strike?

Which of the following is a reason corporations have grown in importance?

Which of the following types of businesses has the most risk?

Which is NOT a reason for the downward slope of a demand curve

Economic activity pictured:

In a limited partnership, the limited partner has the advantage of

The most important benefit of a corporation is:

If P goes up and Q goes down, what type of relationship is there.

Which of the following is an advantage of a sole proprietorship?  

All of the following are tactics used by labor unions, EXCEPT?

For each additional unit purchased, the consumer gets less and less satisfaction

Curve pictured below:

Which of the following was NOT a concern of early labor unions?

All of the following affect demand, EXCEPT?

When a price of a product goes up, consumers have less purchasing power

When a price of a brand name product goes up, consumers may purchase a generic brand.