According to polling data, Americans believe that after-tax corporate profits are
A. less than 10 percent of corporate product prices.
B. nearly 50 percent of the corporate product price.
C. approximately 36 percent of corporate product prices.
D. approximately 25 percent of corporate product prices.
Answer: C
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Which of the following statements correctly differentiates between the slope of the demand curve and price elasticity of demand along a linear demand curve?
A) The price elasticity of demand for a good is the same at different points on the demand curve, whereas the slope of the demand curve varies depending on the point where it is measured. B) The price elasticity of demand for a good varies along the demand curve, whereas the slope of the demand curve remains the same at different points on the curve. C) The price elasticity of demand is a ratio, whereas the slope of a demand curve is a product. D) The price elasticity of demand is a product, whereas the slope of a demand curve is a ratio.
A share of stock is
A. a claim on the assets of the corporation that gives the purchaser an ownership right in the corporation. B. the share of profits distributed to stockholders. C. a promise to pay for the use of someone else's money. D. a promise to loan money to someone. E. a and b
All of the following are examples of "external taxes" except:
a. the Stamp Act b. the Sugar Act c. the Townshend Acts d. the Molasses Act
An example of a moral hazard would be Andrew leaving the washer, dryer, and dishwasher running at home while he goes to class since he is fully insured and he will not be at risk if a fire occurs
a. True b. False