When each stockholder incurs a tax liability on his or her share of the earnings of a corporation (whether or not the earnings are distributed), this is known as
A. being fully funded.
B. full integration.
C. full loss offset.
D. fully imputed rent.
B. full integration.
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The production contract curve:
A. shows every efficient allocation of inputs between two firms in an Edgeworth box. B. shows every efficient allocation of consumption goods in an Edgeworth box. C. passes through the intersections between all pairs of isoquants in an Edgeworth box. D. passes through the intersections between all pairs of indifference curves in an Edgeworth box.
Deflation is:
A. a sustained rise in the aggregate price level. B. negative inflation. C. as common as inflation. D. a decline in inflation.
Which of the following is an example of a government program that provides in-kind assistance to the poor?
a. Supplemental Security Income (SSI) b. Temporary Assistance for Needy Families (TANF) c. food stamps d. Social Security payments e. unemployment benefits
Unequal distribution of resources is one of the main reasons for international trade
a. True b. False Indicate whether the statement is true or false