Homework answers / question archive / 1)How many small businesses are in the United States, and what percentage of gross domestic product (GDP) do they represent?      (a) 28 million small businesses; 50 percent of GDP

1)How many small businesses are in the United States, and what percentage of gross domestic product (GDP) do they represent?      (a) 28 million small businesses; 50 percent of GDP

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1)How many small businesses are in the United States, and what percentage of gross domestic product (GDP) do they represent?

     (a) 28 million small businesses; 50 percent of GDP.

     (b) 38 million small businesses; 50 percent of GDP.

     (c) 28 million small businesses; 30 percent of GDP.

     (d) 38 million small businesses; 30 percent of GDP.

Each of the following is an advantage of small business ownership except:

     (a) Reaping financial rewards from your hard work.

     (b) Being responsible for the well-being of your employees.

     (c) Having the freedom to make decisions for the business.

     (d) Having the opportunity to learn about various business functions.

Each of the following is a disadvantage of small business ownership except:

     (a) Having the freedom to make decisions for the business.

     (b) Being responsible for the well-being of your employees.

     (c) Taking the financial risk of owning your own business.

     (d) Performing undesirable tasks related to your business.

According to Figure 2.8 (The Entrepreneur’s Workweek):

      (a) 19% of all entrepreneurs work at least 60 hours per week.

      (b) 29% of all entrepreneurs work less than 40 hours per week.

      (c) 33% of all entrepreneurs work between 50 and 59 hours per week.

      (d) 30% of all entrepreneurs work at least 60 hours per week.

2)What is a market economy, based off of Elliott Currie’s work? In what ways does it produce conditions conducive to crime? Elaborate on the seven pathways that Currie identifies. MUST BE IN YOUR OWN WORDS. DO NOT SIMPLY COPY AND PASTE THE ANSWER FROM ANOTHER WEBSITE.

3)Assume the current Treasury yield curve shows that the spot rates for six? months, one? year, and one and a half years are: 1%, 1.1%, and 1.3%, all quoted as semiannually compounded APRs. What is the price of a $1000 par, 4.75% coupon bond maturing in one and a half years(the next coupon is exactly six months from now)?

The price of the next bond is $________