Corporate taxes are a direct tax.
Answer the following statement true (T) or false (F)
True
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New classical economists like Robert Lucas argue that the Great Depression was primarily caused by
a. lots of mistaken expectations about the future. b. significant falls in investment. c. significant falls in the money supply. d. significant increases in taxes. e. all of the above.
Cartel pricing refers to the output and price choice of a cartel. This choice most closely resembles that of a:
a. b or d b. godfather oligopoly. c. duopoly. d. monopoly. e. more competitive industry.
All of the following are examples of barriers to entry, except one. Which is the exception?
a. significant economies of scale b. reputation of established firms c. special deals with distributors d. excessive prices e. patents
An increase in personal saving as a percentage of disposable income contributes to capital deepening
Indicate whether the statement is true or false