Q11 There are no governmentregulated markets in the U S econ

Q11. There are no government-regulated markets in the U. S. economy.
   a. true
   b. false

Q12. A problem with the use of the market system is that
   a. it is too careful in conserving society\'s resources
   b. it does not stimulate people to work hard and to be efficient
   c. it results in an unequal distribution of property and income
   d. all of these

Q13. In a market economy, a resource is compensated according to
   a. the needs of its owner
   b. its contribution to the final product
   c. social priority
   d. government direction

Q14. The owner of a sole proprietorship has
   a. unlimited liability: if the firm goes bankrupt, the owner is liable for all debts
   b. unlimited liability: if the firm goes bankrupt, the owner is liable for the amount of the investment
   c. limited liability: if the firm goes bankrupt, the owner does not have to pay
   d. unlimited liability: if the firm goes bankrupt, the owner is liable for the amount of the fixed assets only

Q15. Corporations have the advantage of
   a. double taxation
   b. limited liability of the stockholders
   c. no taxes
   d. limited life

Solution

11. The market for prescription and over the counter drugs is an example of a regulated market. A Federal government body , THE FOOD AND DRUG ADMINISTRATION (FDA) tightly controls what drugs may be sold on the market, how they may be advertised etc.

Therefore, OPTION B.

12. OPTION C