Magic Cookies Inc made a profit of $800,000 last year and paid $100,000 as taxes. This is an example of a(n) _____
a. capital gains tax
b. corporate income tax
c. excise tax
d. personal property tax
b
Economics
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Rolls Royce may actually sell fewer cars at lower prices due to the "snob effect."
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is not a question addressed by macroeconomists?
a. Why is average income high in some nations but low in others? b. What, if anything, can the government do to promote growth in incomes, low inflation, and stable employment? c. What is the impact of foreign competition on the U.S. auto industry? d. Why do production and employment expand in some years and contract in others?
Economics