Which of the following is not an advantage of modern corporations?
a. Limited liability
b. Longevity and permanence
c. More likely to earn higher profits
d. Ease of attracting investors
c. More likely to earn higher profits
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Refer to Excise Subsidy. The deadweight loss created by the subsidy is represented by
The following questions refer to the accompanying diagram which shows the effects of an excise subsidy given to firms. The initial price and quantity are P0 and Q0, respectively. After the subsidy is granted, the equilibrium quantity is Q1, firms receive the price Ps, and consumers pay the price Pd.
a. area F + G.
b. area D + G + J.
c. area C.
d. area D.
An example of term limits in the United States would be that U.S. presidents cannot hold more than:
A. four 2-year terms. B. four 4-year terms. C. two 4-year terms. D. two 2-year terms.
Find the tax multiplier if the MPC is 0.75.
A. ?4. B. ?3. C. 0.33. D. 3.
Refer to the data. Gross domestic product is:
A. $395.
B. $380.
C. $375.
D. $360.