Examlex
The basic disadvantage of a proprietorship is unlimited liability.
Spoils System
A practice where a political party, after winning an election, gives government jobs to its supporters as a reward and incentive.
Political Economy
An interdisciplinary field that examines the relationship between politics and economics, including how political institutions, the political environment, and the economic system influence each other.
Reinventing Government
A movement or approach aimed at improving governmental efficiency, innovation, and responsiveness to citizens' needs through strategies such as privatization, decentralization, and technology use.
Q35: The difference between economic profit and accountant's
Q50: As long as TVC < TR,a firm
Q69: Corporations produce most of the output in
Q72: The major incentive for cost minimization is
Q100: Whenever the interest rate goes up,the price
Q148: In the short run,if price is below
Q156: Total profit = Total revenue - Total
Q165: A firm practices input substitution when it<br>A)retrains
Q180: Which of the following observations is true?<br>A)TFC
Q202: Of the long-run AC curves in Figure