Econ unit 3

Limited Partnership differs from a General Partnership in what area?

You are only counted as unemployed if you are actively looking for a job

The government has the regulatory power to do what?

Bonds are

Vertical Mergers are when a company

Loss of control, double taxation, and more regulations are characteristics of what

An Oligopoly is when

Military discounts, senior discounts, and student discounts are all examples of what

Based on the answer of the previous question, Mr. Hartigan owns Publix

Anyone can buy stock in a Privately held company

This type of monoply is one where the market runs more efficiently when there is only the one supplier

High start-up costs and complex technology are the two most common barriers-to-entry

The owners of a corporation have personal liability for the actions of the company

In Perfect (Pure) Competition there are many sellers all selling identical products

Owning stock in a company makes you an owner of that company

Which occurs when significant barriers to entry prevent new companies from entering a market with a single supplier

When a corporation buys other companies who produce the same type of product

Which of the following is a beneft of the General Partnership

Advertising is an example of what type of competition

What is the primary drawback of the Sole-Proprietorship?

What is not a benefit of Corporations