Which of the following statements about fixed costs is true?
1. fixed costs are always fixed, hence the name.
2. fixed costs increase with increased production.
3. fixed costs are only fixed in the short run.
4. fixed costs are only fixed in the long run.

Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Although most economic contractions or recessions last sixteen months, the most recent recessionary period referred to as the great recession lasted