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.
Answer: C
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What is the most common type of business?
A) partnership B) corporation C) sole proprietorship D) They are equally represented because of federal laws.
If at 4,000 units, the price the firm can charge is higher than its AVC and lower than its ATC, then the firm will earn a profit
Indicate whether the statement is true or false
Which of the following is a valid reason to consider government regulation?
a. Seeking some social objective that markets do not achieve. b. Fear that capitalism will prove too productive. c. Desire on the part of government to be useful. d. Requests for protection from an industry. e. All of the above.
The unemployment rate for blacks in the United States is higher than that for whites.
Indicate whether the statement is true or false