In the United States, corporate profits are taxed at the corporate level but are not taxed as personal income in the form of dividend payments
Indicate whether the statement is true or false
FALSE
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________ is said to exist when the formation of a regional trading group leads to an expansion of trade above pre-group levels
A) Trade creation B) Trade diversion C) Trade exclusion D) Trade distortion
The authors of the text suggest that a comprehensive personal income tax with few loopholes would be efficient and equitable. What is their reasoning for this statement?
The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that
a. men were better at math than women. b. men chose competition more because they were better at sports than women. c. men trade stocks excessively while women adopt a buy-and-hold strategy. d. streetcar companies were not in favor of segregation because it hurt their profits.
If firms in a monopolistically competitive industry are incurring losses, in the long run firms will leave this industry until
A. MC = ATC. B. P = MC. C. MR = ATC. D. P = ATC.