Corporate profits are
a. included in payroll taxes.
b. exempt from taxes.
c. taxed twice, once as profit and once as dividends.
d. taxed to pay for Medicare.
c
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If a government regulation states that fluorocarbon emissions should be abated by 75 percent but the optimal level of pollution abatement is 85 percent, which of the following must be true?
a. The free market will not reduce pollution by less than 85 percent. b. The free market will accomplish 85 percent abatement, but it will be inefficient. c. If only 75 percent of the pollution is abated, the society will be better off than if 85 percent had been abated. d. If only 75 percent of the pollution is abated, the society will be worse off than if 85 percent had been abated. e. If 75 percent of the pollution is abated, then in the next period the government should set the abatement level at 95 percent.
Which of the following is true for a monopolistically competitive firm in the long run? a. The average cost curve of the firm lies below the marginal cost curve. b. The firm earns zero economic profit
c. The demand curve of the firm coincides with the marginal revenue curve. d. The firm earns positive economic profit.
If bankers become more uncertain regarding future deposits and withdrawals and choose to hold more excess reserves against deposits, the money multiplier will increase
Indicate whether the statement is true or false
An example of investment is the purchase of machinery by a manufacturing company
a. True b. False Indicate whether the statement is true or false