In what way is corporate income subject to double taxation?
What will be an ideal response?
The double taxation of corporate income is that corporations pay taxes on its income and then their stockholders also pay taxes on dividend earnings.
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Suppose you plan to go to school this summer. The cost of tuition and textbooks is $1,400 and housing, board, and entertainment will cost you $500
If you didn't go to school, you'd live in your parents' house for free, but your other living expenses would be about the same. Also, if you didn't go to school you'd work full time and could earn $8,000. You can still work part time while attending the summer school, but you will earn only $3,000. a) What will the summer school cost you in terms of money explicitly paid? b) What are the opportunity costs of going to summer school that you don't pay explicitly? Explain. c) What is your total opportunity costs of going to school this summer? Explain your answer.
Which characteristic of perfect competition ensures that economic profit will be zero in the long run?
a. each firm's output is small in relation to total market supply b. buyers and sellers are fully informed about the price and availability of all resources and products c. the product is homogeneous d. there is freedom of entry and exit in the market e. firms are price takers
If a country has a lower opportunity cost than its potential trading partner, the country should decide to be self-sufficient
a. True b. False Indicate whether the statement is true or false
In nominal terms, the combined deficits over time in Social Security adds to
A. $36 trillion. B. $36 billion. C. $36 million. D. $36 thousand.