The corporate income tax in the United States
A. only taxes retained earnings.
B. results in individuals' being doubly taxed on corporate earnings.
C. excludes dividends paid out.
D. does not apply to profits earned on exports.
Answer: B
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a. True b. False Indicate whether the statement is true or false
Monetary policy has medium-run effects on which of the following?
A) the level of output but not its composition B) both the level and composition of output C) the nominal interest rate D) the real interest rate E) none of the above
Stocks change ________ whereas flows relate to ________.
A. within a given period of time; changes between points in time B. and that causes flows to change; changes that have no impact on stocks C. only at the end of each year; amounts at a given point in time D. between points in time; changes within a given time period
Congress established the ________ to investigate "…the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
A. National Transportation Board B. Antitrust Division of the Justice Department C. Interstate Commerce Commission D. Federal Trade Commission