Some economists argue that corporate income taxes are typically not paid by firms, but by
A. the board of directors of the firm.
B. the government.
C. bond holders.
D. stockholders, employees, and consumers.
Answer: D
You might also like to view...
Which of the following is a good example of a firm that is not likely to be perfectly competitive?
a. Farmer Joe's wheat. b. Coyote Wile’s beef ranch. c. Captain John's salmon farm. d. Aviator Alan's nonstop airline service from Seattle to Nome.
Suppose the price of capital and labor remain constant but that the average educational level of workers has increased and therefore, productivity of labor increases. This would lead a firm
A) to adopt a more capital-intensive production technology. B) to keep its output and production technology unchanged, but to use fewer units of labor. C) to adopt a more labor-intensive technology. D) to use only labor to produce the product.
Which of the following are barriers to entry?
A) economies of scale B) patents and copyrights C) control of resources D) all of the above
Except for World War II, the U.S. deficits from 2009 to 2012 were the largest deficits in the nation's history relative to GDP, even larger than during the Great Depression
a. True b. False Indicate whether the statement is true or false