All of the following are advantages of a corporation EXCEPT
A) double taxation.
B) limited liability.
C) ability to raise large sums of financial capital.
D) unlimited life.
A
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In the figure above, assuming that the firm does not shut down, the firm will produce
A) fewer than 19 units. B) 20 units. C) 30 units. D) 40 units.
If an infant industry truly has a good chance to become competitive and produce profitably once it is well established, it is not at all clear that government should even offer protection to reduce short-run losses
a. True b. False Indicate whether the statement is true or false
Which of the following was not a result of the luxury tax imposed by Congress in 1990?
a. The larger part of the tax burden fell on sellers. b. A larger part of the tax burden fell on the middle class than on the rich. c. Even the wealthy demanded fewer luxury goods. d. The tax was never repealed or even modified.
The "donut hole" in Medicare Part D coverage refers to the fact that
A. coverage begins with the first dollar of prescription drug spending, then drops to zero after a particular level of spending, and then increases again. B. coverage ends for those who spend a great deal on prescription drugs. C. coverage begins only after individuals pay a significant portion of their prescription drug costs. D. police are covered more generously than firefighters.