If the top personal tax rate is higher than the top corporate rate, high income taxpayers have an incentive to _____
a. incorporate
b. save
c. engage in tax evasion
d. purchase stock
a
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When does a private solution to a negative externality fail to allocate resources efficiently?
What will be an ideal response?
Refer to the table above. If the price of a chair increases to $15, and the rental price of machines is $90 per day, up to how many machines should the firm rent to maximize profits?
A) 1 B) 3 C) 5 D) 6
The Connecticut General Incorporation act:
a. was passed in 1797 and allowed private citizens to pursue liability claims against corporations. b. provided for the state legislature to grant charters. c. expanded the liability for English joint-stock companies. d. was passed in 1837 and made incorporation a right of anyone. e. None of the above are correct.
An idea concerning production that eventually takes the form of a new applied technology is
a. the scientific method b. robots c. increasing cost of new technology d. innovation e. human capital