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Laabri

Mic9: Price ceiling/floors, Legal forms of business

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Last updated over 6 years ago
5 Nsɛmmisa
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Asemmisa {{asɛmmisaAhyɛnsode}}
1.

Take each statement below and correctly place it under price ceiling or price floor.

  • Surplus

  • Rent control

  • Minimum legal price

  • Farm products

  • Shortage

  • Minimum wage

  • Maximum legal price

  • Price ceiling

  • Price floor

Asemmisa {{asɛmmisaAhyɛnsode}}
2.

Based on the pie charts above which legal form of business is most common numerically?

Asemmisa {{asɛmmisaAhyɛnsode}}
3.

Based on the pie charts above which legal form of business generates the most sales and net income (profits)?

Asemmisa {{asɛmmisaAhyɛnsode}}
4.

Which legal form of business has the disadvantages of unlimited liability and limited life?

Asemmisa {{asɛmmisaAhyɛnsode}}
5.

Which legal form of business has the disadvantages of increased government regulation and double taxation?