The corporate income tax in the United States
A) excludes dividends paid out.
B) only taxes retained earnings.
C) results in individuals' being doubly taxed on corporate earnings.
D) does not apply to profits earned on exports.
C
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Which statement best describes the government’s response to bank failures in the early 1930s?
a. The government responded swiftly and quickly boosted the economy. b. The government largely ignored failures and let banks fix their own problems. c. The government responded with aid efforts, but only after the decline was well underway. d. The government’s deposit insurance program quickly eased depositors’ fears.
Refer to the market graph below for tickets to a "Final Four" sports event. Given this market, if the event organizers pre-set the price at $20, then this action would result in a:
The graph below shows the market for tickets to a "Final Four" sports event. Assume that there is only one kind of ticket to the event.
A. Shortage of 5,000 units
B. Shortage of 55,000 units
C. Surplus of 5,000 units
D. Surplus of 50,000 units
Refer to Table 11-8. What is the minimum efficient scale of production?
A) 100 units B) 200 units C) 300 units D) 400 units
Patent laws promote technical progress in all of the following ways except one. Which is the exception?
a. They allow other firms to copy successful products as soon as they are marketed. b. They prevent duplication of inventions. c. They provide a stimulus to innovation. d. They provide the inventor with a temporary monopoly. e. They increase a firm's incentive to incur the up-front costs of developing new products.