Which of the Following Is a Characteristic of Limited Liability

question 145

Multiple Choice

Which of the following is a characteristic of limited liability companies (LLCs) ?

• A) They are made to pay an annual franchise tax in many states.
• B) They are subject to double taxation.
• C) They do not allow foreign investors to serve as owners.
• D) They are required to produce a larger amount of paperwork than corporations.

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Definitions:

Aggregate Supply

Aggregate supply constitutes the total supply of goods and services produced within an economy at a given overall price level in a specified time period.

Aggregate Demand

Refers to the total demand for goods and services within an economy at a given overall price level and in a given time period.

Full Employment Level

A situation in which all available labor resources are being used in the most economically efficient way, essentially meaning that unemployment is at the lowest possible level without causing inflation.

Keynesians

Economists or the economic theory advocating for government intervention in the economy, especially fiscal policy, to manage demand and address unemployment.