There are several advantages of a sole proprietorship business organization. What is its chief disadvantage? t

It is expensive to form

Unlimited liability

It is heavily regulated

There are several advantages of a partnership business organization. What is its chief disadvantage?

It is expensive to form

Unlimited liability

It is heavily regulated

Double taxation

There are several advantages of a corporate business organization. What is its chief disadvantage?

It is expensive to form

Unlimited liability

It is heavily regulated

Double taxation

Figure 1-3 in the text illustrates that the Federal budget deficit reached a peak in 2009. Why might this be?

Obamacare.

A weak economy resulted in lower tax revenues for the government.

Poor fiscal policy.

Poor monetary policy.

Interest rates have steadily fallen since 1980. How might this have affected asset prices in that time frame?

Interest rates have nothing to do with asset prices.

Declining rates likely helped inflate asset prices.

Declining rates likely slowed the rate of asset price increases.

None of the above.

Money markets are the markets for?

Markets for securities with maturities less than a year.

Markets for securities with maturities more than a year.

Markets for debt securities with maturities less than a year.

Markets for debt securities with maturities less than a year.

Thank you!