ECON110_Exam2 - Microeconomics Exam#2 Exam#2 1 If I were to graduate and begin my own business I would organize the business as a sole proprietorship or

ECON110_Exam2 - Microeconomics Exam#2 Exam#2 1 If I were to...

This preview shows page 1 - 2 out of 2 pages.

Microeconomics Exam #2 Exam #2 1. If I were to graduate and begin my own business I would organize the business as a sole proprietorship or partnership depending on the type of business. If I were to being my own accounting firm, I would organize it as a limited partnership. These businesses are relatively easy and inexpensive to begin and there are opportunities for shared responsibility and more insight and talents taking some weight off of my shoulders. Although I wouldn’t have complete control over my business, having to share decisions and profits I feel that if structured, fair, partnership agreements were established all would work well. 3. The United States has comparative advantages in most services, financial, agricultural and high tech manufacturing. One of these products can be Apples IPhone or IPads. Production of this impacts domestic and foreign business and affects both labor and economic growth. Many of the pieces in these smart devices are made in foreign countries,
Image of page 1

Subscribe to view the full document.

Image of page 2

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes