A corporation ________ taxes on its profits and its stockholders ________ taxes on any dividends made to them by the company
A) pays; pay
B) pays; do not pay
C) does not pay; pay
D) does not pay; do not pay
A
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Many mining and mineral extraction processes tend to exhibit increasing returns to scale
Suppose copper mines have increasing returns, and the existing copper mines reduce their capital and labor inputs by 25 percent in response to a global recession. What is the expected impact on copper output? A) Output increases by less than 25 percent B) Output decreases by less than 25 percent C) Output decreases by exactly 25 percent D) Output decreases by more than 25 percent
Common property is
A) a resource that everyone is free to use as much as they want. B) property that belongs to both spouses in a marriage. C) property owned by a group such as a club or a church. D) generic property as opposed to specific property.
Which of the following would shift the supply of labor to the right? a. A decrease in population
b. A decrease in immigration. c. A decrease in non-wage income. d. A decrease in the quality of on-the-job amenities.
Which of the following examples cited in the text was the MOST successful case of infant industry protection?
a. the Chinese auto industry b. the Brazilian computer industry c. Harley-Davidson d. Daimler-Chrysler Corporation