Southern states in the United States are, on average, poorer than northern states. Southern states also have higher growth rates in real GDP per capita, on average, than northern states. Convergence theory suggests that: The South will eventually overtake the North and become richer. The growth rates of per capita income in the two regions will eventually converge. The levels of per capita income in the two regions will eventually converge. The South will always be poorer than the North. Each region's level of per capita income is influenced by: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. the levels of education. unanswered the population. unanswered the levels of technology. unanswered the savings rates. unanswered the geographic size.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

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Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing