Corporate profits distributed as dividends are
a. tax free.
b. taxed once.
c. taxed twice.
d. taxed three times.
c
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A free lunch (the absence of a tradeoff) when the production of a good is increased is possible for the entire economy only if
A) resources are used inefficiently. B) there is a movement along the PPF. C) prices are decreased. D) prices are increased. E) less of some product is produced.
The aggregate demand curve will shift to the right ________ the initial increase in government purchases
A) by less than B) by more than C) by the same amount as D) sometimes by more than and other times by less than
________ marginal opportunity cost implies that the more resources already devoted to any activity, the payoff from allocating yet more resources to that activity increases by progressively smaller amounts
A) Increasing B) Decreasing C) Constant D) Negative
Related to the Economics in Practice on p. 476: According to the "paradox of thrift," decreased efforts to save will cause a(n)
A. decrease in income but an increase in saving. B. decrease in income and an overall decrease in saving. C. increase in income but no overall change in saving. D. increase in income and an increase in overall saving.