The data below describe the economy of Econland

Business and household saving 58
Government transfers and interest payments 12
Government purchases of goods and services 25
Tax collections 42
Public saving in Econland equals:

a)5
b)5
c)16
d)17

What are the weak points of economic costs that are part of a free enterprise economy?

Max wants to open a basic checking account at his local bank. he needs to bring his and , along with a $50 deposit, to open the account.

1. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in ease of 2. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in external liability for business 3. a partnership is an association of two or more persons to carry on as co-owners a business for 4. any one partner may be held liable for the entire indebtedness of the 5. a limited partner is liable for the partnership debt only to the extent of her capital 6. a person may be a partner even though he has no authority to conduct the ordinary activities of the 7. a partner may withdraw his capital contribution without the consent of all the 8. when a partner sells his interest in the partnership, the buyer becomes a new 9.every partner owes a duty of good faith, fairness, and loyalty to the other 10. a partner who fails to use ordinary care and skill in discharging assigned duties will be personally liable to the partners for any resulting loss.