Eco end of course review 2

Shares of ownership in a corp. that gives stockholders voting rights & a portion of its profits

The advantage of being a corporation is limited

The board of directors of a corp. are responsible for

According to the law of demand, when the price of an item goes up, the quantity demanded

1 example of intellectual property that has been difficult to protect is

According to the law of supply, higher prices prompt producers to

_ liability means the owner of the business bears complete legal responsibility for all choices

During the 1930's ( the great Depression) consumer demand

In the US, which type of business organization accounts for the greatest share of revenues?

Evaluating the cost of an action when compared to its benefits is known as

A temporary partnership set up for a specific purpose, set up for a short period of time is a

The principle of taxation in which those with higher incomes pay more taxes

According to some economists, stagflation is caused by

The economist most closely associate with monetarism is

Owner of a business is called

A tax that takes a larger % the more you make is called

To determine _ answer 3? Can the purchase be delayed, Are subs available, how much income?

One way the gov can use fiscal policy to combat unemployment

The portion of a corporation profit paid to it's stockholders is called a

The blue chip stock of the largest companies are listed on the

If the price of a product is above its equilibrium price, the result is

One of the advantages of purchasing a franchise is the franchiser often provides

The material well being of an individual, group or nation is called their

Type of business organization owned by many people, but treated by law as though it is a person

High unemployment is usually a sign that