Which of the Following Statements Is TRUE

question 16

Multiple Choice

Which of the following statements is TRUE?

• A)An advantage of a corporation is that there is less regulation of the business.
• B)An advantage of a corporation is that it is subject to double taxation.
• C)Unlike a partnership,a disadvantage of a corporation is that it has limited liability.
• D)Corporations face more regulations when compared to partnerships.

Analyze the impact of aggregate demand and supply shifts on equilibrium in the short run and long run.

Recognize the factors that influence long-run aggregate supply and demand, including technological changes and resource availability.

Understand the concept of potential output and how it is affected by economic factors.

Interpret the effects of beneficial and adverse supply shocks on the economy.

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Definitions:

Coughing

A rapid expulsion of air from the lungs typically to clear the lung airways of fluids, mucus, or material that causes obstruction or irritation.

Swallowing

The process of making food or liquid move from the mouth through the throat and into the esophagus; it's a crucial part of digestion.

Vomiting

The forceful expulsion of stomach contents through the mouth, a reflex act triggered by various conditions.

Medulla

The innermost part or core of an organ, such as the medulla of the brain (responsible for autonomic functions) or the medulla of the kidney (involved in urine concentration).