A Disadvantage of a Sole Proprietorship Is That

question 12

Multiple Choice

A disadvantage of a sole proprietorship is that:

• A) profits are taxed twice.
• B) profits are taxed only once.
• C) issuing stocks is expensive.
• D) the owner has unlimited legal liability.

Define and differentiate between frictional, structural, and cyclical unemployment.

Assess the role of sectoral shifts in creating temporary unemployment.

Discuss the advantages and disadvantages of unemployment insurance.

Explain the natural rate of unemployment.

---

Definitions:

Arterioles

Small blood vessels that extend from the arteries and lead to the capillaries, playing a crucial role in regulating blood flow and pressure.

Capillaries

The smallest blood vessels in the body, connecting veins and arteries and facilitating the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues.

SA Node

The sinoatrial node, a group of cells in the right atrium of the heart that acts as a natural pacemaker, initiating the heart's electrical impulses.

AV Node

The AV Node, or Atrioventricular Node, is a part of the heart's electrical system that acts as a gatekeeper, controlling the electrical impulses between the atria and ventricles.