The after-tax rate of return is defined as the pretax profit rate
a. minus the rate at which profits are taxed.
b. multiplied by 1 minus the rate at which profits are taxed.
c. divided by 1 minus the rate at which profits are taxed.
d. plus investment credits.
e. None of the above
B
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The marginal cost to a student of missing a class meeting in Introductory Economics increases when
A) textbook prices increase. B) tuition rates increase. C) valuable information is communicated in the class meetings. D) any of the above occurs.
The state of Georgia offers free college tuition to high school students with a "B" average. In 2007, the state raised the requirement so that fewer students qualified for the scholarship
At the same time, Georgia increased state spending on health care. Suppose that college education is on the vertical axis and health care is on the horizontal axis of a PPF. These changes A) are example of a tradeoff. B) are an example of incentives. C) will cause a shift out of the PPF. D) will cause a shift in the of the PPF.
Economics is the study of how society manages its
a. limited wants and unlimited resources. b. unlimited wants and unlimited resources. c. limited wants and limited resources. d. unlimited wants and limited resources.
A policy in which a country restricts the importation of goods and services produced in foreign countries is described by economists as:
A) two-way trade. B) protectionism. C) efficient. D) one-way trade.