Econ ALCOS 5-7 Review

Front

The ___________ has peaks, contractions, troughs, and expansions.

Back

Business Cycle

Front

What is the healthy unemployment rate?

Back

4%-6%.

Front

This type of unemployment exists due to technology taking the place of people working.

Back

Structural

Front

A business owned and operated by one person.

Back

sole proprietorship

Front

A retired bus driver decides to look for a job due to the spike in inflation. What type of unemployment is this?

Back

Frictional

Front

A business owned by two or more people.

Back

Partnership

Front

A partnership in which all owners share in operating the business and in assuming liability for the business's debts.

Back

General Partnership

Front

Form of partnership where one or more partners are not active in the daily running of the business and whose liability for the partnership's debt is restricted to the amount invested in the business

Back

limited partnership

Front

A form of a business organization recognized by law as a separate legal entity having all the rights of an individual.

Back

Corporation

Front

A certificate of ownership in a corporation.

Back

Stock