In order for the government to collect taxes, the government must first establish a(n)
A. philosophy of taxation.
B. justice system.
C. tax base.
D. ad valorem taxation.
Answer: C
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A bond's coupon payment divided by the bond's current price is equal to the bond's
A) price-earnings ratio. B) dividend yield. C) current yield. D) maturity value.
When a firm is experiencing decreasing marginal costs, it implies
a. marginal productivity is decreasing b. workers are getting more unproductive c. a constant marginal productivity d. increasing marginal productivity
Subsidies are payments made by the government of a country to:
a. foreign firms to encourage imports. b. foreign firms to encourage domestic exports. c. domestic firms to encourage exports. d. domestic firms to encourage imports. e. domestic firms to ensure domestic consumption of their goods.
When price does not cover average total cost at any rate of output, the firm should shut down in the short run.
Answer the following statement true (T) or false (F)