Double taxation refers to
A) corporations paying taxes on profits and individuals paying taxes on wage income.
B) individuals paying taxes on wage income and individuals paying taxes on dividends.
C) corporations paying taxes on profits and individuals paying taxes on dividends.
D) corporations paying taxes on capital gains and individuals paying taxes on wage income.
Answer: C
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A tax that reduces economic efficiency is always bad policy
a. True b. False Indicate whether the statement is true or false
In responding to the Phillips curve hypothesis, Friedman argued that the Fed can peg the
a. unemployment rate. b. inflation rate. c. growth rate of real national income. d. All of the above are correct.
Compared to 1968, in 2008 income distribution would be considered
A. much more equal. B. somewhat more equal. C. about as equal. D. Much less equal.
If a firm enlarges its factory size and realizes higher average costs of production then:
A. it has experienced economies of scale. B. it has experienced diseconomies of scale. C. it has experienced constant returns to scale. D. the long-run average cost curve slopes downward.