The various amounts of money that individuals will hold at different nominal interest rates<span>The money demand curve shows
A. The various amounts of money that individuals will hold at different price levels.
B. The various amounts of money that individuals will spend at different levels of GDP.
C. The various amounts of money that individuals will hold at different nominal interest rates.
D. The quantity of bonds that the Fed will buy at different price levels.</span>
Answer:
They should organize their firm as a corporation.
Explanation:
Joel and Mike would like to start a new business selling a product new to the U.S.
They have done a considerable amount of research on this product, and think it would be successful in the U.S.
Both would like to avoid losing any personal assets. They should organize their firm as a corporation.
Corporation is a legal entity which acts as a person. It is separate from its owners but enjoy most of the rights of a person. It has limited liability. It is funded by issuing shares to the stockholders.
A corporation can be for profit or not for profit. There are several types of corporations such as:
- C corporations.
- S corporations.
- Limited Liability Companies (LLCs)
- Nonprofit Organizations.
<span>Definition of appropriate concept:
</span>1) efficiency - <span>when a society gets the most it can from its scarce resources.
2) </span><span>equality - when economic benefits are distributed uniformly across society.
</span>Efficiency is the size of the economic pie and equality is how the pie is divided into individual slices.