In the United States, corporate profits are taxed
A) at both the corporate level and when investors receive dividends.
B) only when investors receive dividends.
C) only at the corporate level.
D) neither at the corporate level nor when investors receive dividends.
A
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It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. Operators of hydroelectric generating plants on the river find they must clean up the river's water before it flows through their equipment. The above situation is an example of:
A. an external economy. B. the exclusion principle. C. a spillover cost. D. a spillover benefit.
The original mission of the World Bank was to
A) provide capital to underdeveloped countries. B) provide capital to firms around the world. C) provide financial assistance for the reconstruction of war-damaged nations. D) help countries manage their exchange rates.
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
The extra revenue produced by the change in quantity, on a per-unit basis, is called:
A. marginal benefit. B. marginal revenue. C. infra marginal units. D. both marginal benefit and marginal revenue.