Double taxation of corporate earnings means
a. for individuals who get dividends on personal income, tax rates are twice as high as for wage earners.
b. stockholders pay personal income taxes and corporation taxes on profits.
c. stockholders don't get the plowback but still pay taxes on it.
d. the corporation tax raises stock prices so individuals also pay a capital gains tax in addition to a tax on dividends.
b
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The United States has the most progressive income tax system among the industrialized countries
a. True b. False
If the long-run average cost curve for the industry is flat what implication does this have for the relationship between the average cost curves for small and large firms?
What will be an ideal response?
Which of the following would result in a movement along the production possibilities curve?
A) a fall in the unemployment rate B) growth in the capital stock C) population growth D) a change in the outputs of two goods that a society chooses to produce
The minimum wage laws seek to
A) penalize employers that are not complying with labor laws. B) assure a minimum standard of payment for work. C) assure that all workers are paid the same wage rate. D) help teenagers find work.