When the profits of a corporation are taxed and the dividends paid to stockholders are also taxed
A. the government is engaging in double taxation.
B. the government is engaging in capital gains taxation.
C. the government is engaging in progressive taxation.
D. the government is engaging in regressive taxation.
Answer: A
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Refer to Scenario 12.1. Suppose that a third friend, Ryan, joins Simon and Paula on their way home from school, and this reduces the probability of any particular individual from stepping forward to help the man being attacked from 70% to 60%
What is the probability of either Simon, Paula, Ryan, or any combination of the three trying to rescue the man? A) 21.6% B) 50.4% C) 72.0% D) 93.6%
Suppose a transaction changes a bank's balance sheet as indicated in the following T-account, and the required reserve ratio is 10 percent
Assets Liabilities Reserves + $2,000 Deposits + $2,000 As a result of the transaction, the bank can make a maximum loan of A) $0. B) $200. C) $1,800. D) $2,000.
Out-of-pocket expenses such as wages and raw materials are
A. implicit costs. B. explicit costs. C. direct costs. D. an owner-provided capital cost.
The Clayton Act prohibited
A) all vertical mergers. B) all horizontal mergers. C) any merger if its effect was to substantially lessen competition or create a monopoly. D) all conglomerate mergers.