Which of the following statements is true of a corporation?
A) It does not have any liability.
B) It does not have privileges apart from those of its members.
C) It is owned by state governments.
D) It has its own legal rights apart from those of its members.
E) It is owned by the federal government.
Question 2
Which of the following statements is true of crony capitalism?
A) In this system, private profits that are fueled by greed and exploitation of workers are forbidden.
B) In this system, the government gives preferential treatment to minority groups.
C) In this system, the government taxes wealthy people and large corporations excessively.
D) In this system, the government gives wealthy people and large corporations preferential treatment through direct payment or loans.
E) In this system, the government provides wealthy people and large corporations with grants that require extreme competition in an open market.
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