Any profit earned by a corporation
A) does not get taxed.
B) gets taxed once.
C) gets taxed twice.
D) gets taxed five times.
C
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If a nation restricts imports, it will:
A. benefit each individual citizen in that nation. B. decrease the total value of goods and services produced in that nation. C. increase the total value of goods and services produced in that nation. D. harm each individual citizen in that nation.
The aggregate supply and aggregate demand model is used to explain the:
A. overall health of the economy. B. overall effect of large markets within the economy. C. interaction of all sellers and all buyers within a particular market. D. way that unemployment may affect output, but not how price level does.
Direct controls work if
A. there is vigilance and enthusiasm in enforcement by the regulatory agency. B. the court system prosecutes cases no matter how long it takes. C. there are affordable penalties imposed by the legal system. D. each polluter pays the same charge for pollution reduction.
When the money market is drawn with the value of money on the vertical axis, as the price level increases, the value of money
a. increases, so the quantity of money demanded increases. b. increases, so the quantity of money demanded decreases. c. decreases, so the quantity of money demanded decreases. d. decreases, so the quantity of money demanded increases.