Answer any 4 of the following 8 short essays. Each will be worth 25% of the exam

Answer any 4 of the following 8 short essays. Each will be worth 25% of the exam. In all cases, be as specific as you can be, and use proper terminology. Your responses will be graded based upon whether I can tell that you truly understand the content. I expect a couple of paragraphs, typed, for each response; ideally more. Be mindful of how much time you devote to each response!
Examples from the book:Bundle: Foundations of Business, Loose-leaf Version, 6th + MindTap Introduction to Business, 1 term (6 months) Printed Access Card – Jack R. Kapoor
Would you rather start your business independently, as a Sole Proprietor, or become the owner of an existing Franchise? To be clear, I do not care which you choose; only that you support your argument factually. Be very specific, being sure to explain the pros and cons of your choice. (Chapters 4 and 5)
Why is Trade said to be efficient? Offer an example of how trade between two countries can be beneficial to both parties, using the proper business terminology. (Chapter 3)

Your very wealthy Uncle Ernesto died! Turns out you are his sole heir, and you will inherit his entire $14 million fortune. Thing is, you recently started your own business, as a deli owner, and you love it, so you intend to continue working. Would you choose to structure your business as a Sole Proprietorship or Corporation? Does the fact that you recently received an inheritance make a difference? What are the other advantages and disadvantages of the form you chose? (Chapter 4)
Choose one of the Trade Restrictions (Tariffs, Quotas, or Embargoes) we discussed, and explain the benefits and costs of that restriction to the country that imposes it. If you were the leader of a country, would you employ trade restrictions? Why or why not? (Chapter 3)