In the United States, corporate profits are taxed at the corporate level and then are taxed again as personal income in the form of dividend payments
Indicate whether the statement is true or false
TRUE
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In a given market, a large number of firms sell a similar product. Consumers think that each firm's product is somewhat different from that of its competitors. This market is
A) perfectly competitive. B) monopolistically competitive. C) equivalent to a monopoly because consumers think the products are different. D) equivalent to an oligopoly because consumers think the products are different.
Do you think it is in the material interests of high-income countries to help low-income countries improve their economic performance? Why or why not?
What will be an ideal response?
Which of the following is true at the output level where P=MC?
A) The monopolist is maximizing profit. B) The monopolist is not maximizing profit and should increase output. C) The monopolist is not maximizing profit and should decrease output. D) The monopolist is earning a positive profit.
Refer to the accompanying figure. For Chris, the opportunity cost of planting one bulb is removing:
A. 3 bags of trash. B. 25 bags of trash. C. 1/25 of a bag of trash. D. 1/3 of a bag of trash.