Briefly state the pros and cons of Corporation
Briefly state the pros and cons of Corporation?
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It can raise large amounts of money by issuing stocks and bonds; limited liability; continuity.
Red tape and expense in incorporating; potential for abuse of stockholder and bondholder funds; double taxation of profits; separation of ownership and control.
Janet has loaned a start-up coffee house $50,000 and predicts to earn interest from her financial investment. In circular flow model this transaction is an illustration of: (1) An exchange of her saving for interest, via a resource market for the economic capital. (2)
Explain how Entrepreneurs are risk-takers?
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
Illustrate several theories about causation?
Adam Smith wrote his Wealth of Nations within part like a refutation of the doctrines: (1) classical liberalism. (2) utilitarianism. (3) mercantilism. (4) physiocracy. (5) laissez faire capitalism.
Briefly explain the term Average cost and Marginal cost?
Define the term Mixed Economy and also state their advantages and disadvantages?
Define the term Abstractions in economics?
Explain the foundation of economics where society’s material wants are Resource payments correspond to resource categories?
When government intervention is not present, than arbitrage: (w) will reduce price differences when similar good sells at various prices within separate markets. (x) results into economic losses for traders. (y) causes high economic profits for mercha
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