Double taxation refers to the negative feature of
a. all businesses in the United States
b. sole proprietorships
c. corporations
d. the federal and state tax systems
e. partnerships
C
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On the graph above, an increase in government spending, with no change in taxes, is likely to move the economy from point 1 to point ________
A) 8 B) 6 C) 3 D) 5
Assume that a firm's marginal revenue curve intersects the rising portion of its marginal cost curve at 500 units of output. At this output level, a profit-maximizing firm's total cost of production is $1,000 . If the price of the product is $5 per unit, the total revenue earned by the firm will be:
a. $1,500. b. $250. c. $500. d. $2,500. e. $1,000.
If domestic producers have a comparative advantage in producing a good,
a. trade restrictions will be required before the producers can benefit from their comparative advantage. b. trade restrictions will still be required before the domestic producers can compete with low-wage producers abroad. c. they will be able to compete effectively in a competitive world market. d. the government should subsidize production of the good so the domestic producers will be able to achieve a larger share of the world market.
During what period of time was the gold standard used?
A) from the nineteenth century until the 1930s B) from the eighteenth century until the nineteenth century C) from 1914 until 1929 D) from 1944 until 1980