In the long run, a reduction in the corporate profits tax will lead to ________ profits in the corporate sector and ________ profits in the noncorporate sector.

A. lower; lower
B. higher; lower
C. higher; higher
D. lower; higher


Answer: C

Economics

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If fewer cigarettes are consumed with symmetric information than asymmetric information, it follows that

A. with asymmetric information the demand for cigarettes is lower than with symmetric information. B. with symmetric information the demand for cigarettes is lower than with asymmetric information. C. the demand for cigarettes is the same with or without asymmetric information. D. there are more free riders with asymmetric information than symmetric information. E. There is not enough information to answer the question.

Economics

Marginal utility is defined as the

a. average amount of satisfaction gained from consuming a product b. total amount of satisfaction gained from consuming a product c. additional satisfaction gained from consuming one more unit of a product d. total amount of satisfaction gained from consuming a product divided by the number of units consumed e. total amount of satisfaction gained from consuming a product times the number of units consumed

Economics

Explain the difference between the international trade effect, which leads to a movement along a given AD curve, and an increase in foreign incomes, which leads to a shift to a new AD curve

Economics

By reducing consumption expenditures, poor nations should be able to completely finance their own capital investment.

Answer the following statement true (T) or false (F)

Economics