The corporation income tax causes
A. more capital to be used in both the corporate sector and the noncorporate sectors.
B. less capital to be used in both the corporate sector and the noncorporate sectors.
C. capital to flow from the corporate sector to the noncorporate sector.
D. capital to flow into the corporate sector from the noncorporate sector.
Answer: C
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What is the difference between real and nominal GDP and why do economists make this distinction?
What will be an ideal response?
Residential housing consumption is not affected by U.S. personal income taxes.
A. True B. False C. Uncertain
Which statement is false?
A. The problems of the inner city ghettos were just as bad 50 years ago as they are today. B. There was a huge outward migration of middle- and working-class blacks from the ghettos in the 1970s and early 1980s. C. About 2 out of 5 poor blacks live in areas of extreme poverty. D. None of these statements are false.
What played the largest role in the formation of poor black ghettos?
A. Welfare B. High birth rates among unwed mothers C. The migration of black middle- and working-class families from poor black neighborhoods in the 1960s and 1970s D. Rising employment discrimination