In the United States, ________ profits are taxed at both the corporate level and when investors receive dividends
A) a sole proprietor's
B) a partnership's
C) corporate
D) all of the above
Answer: C
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Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080Who should specialize in knitting scarves?
A. Natalia B. Alexandra C. Both Natalia and Alexandra D. Neither Natalia nor Alexandra
The new growth theory was developed by ________ and proposes that ________
A) Thomas Malthus; increases in population drive wages to their subsistence level B) Ben Bernanke; changes in the money supply drive economic growth C) Paul Romer; the desire for profits drives increases in real GDP per person D) Adam Smith; markets will determine the appropriate economic growth rate E) Robert Solow; increases in technology growth are responsible for economic growth
An example of odious debt would be debts on the part of a nation that were incurred by a dictator for the well being of his family
Indicate whether the statement is true or false
Which of the following properly ranks the size of tax revenues received by the federal government from highest to lowest?
A. Income taxes, Social Security payroll taxes, corporate taxes, and excise taxes. B. Social Security payroll taxes, excise taxes, corporate taxes, and income taxes. C. Corporate taxes, Social Security payroll taxes, income taxes, and excise taxes. D. Excise taxes, Social Security payroll taxes, income taxes, and corporate taxes.