The corporate income tax can be understood fully without reference to other elements of the federal tax code
a. True b. False
b
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Given the data in the table below, what is the short-run profit-maximizing level of output for the perfectly competitive firm?OutputTotal RevenueTotal Cost1$4$228331264161052015
A. 2 units B. 3 units C. 4 units D. 5 units
People and organizations have to make choices about how to allocate time and money because
a. government requires it b. corporations control our lives c. time and money are both scarce d. religious values conflict with economics e. there are unlimited resources
Which of the following would increase the GDP of the United States?
a. A resident of California buys a case of wine from a winery in France.
b. A resident of Germany buys a software program from a company in Washington.
c. A resident of Florida spends $3,000 on a vacation in Mexico.
d. A Japanese investor purchases 100 shares of a computer company located in Illinois.
In 2012 and 2013, the U.S. Attorney General's office illustrated, in several major cases, a bias in favor of the goal of maintaining the stability of the financial system over:
A. The prosecution of financial crimes B. Protecting the survival of large financial firms C. Promoting global competition in finance D. Privatizing the financial sector