A corporation’s income is taxed
A. on a quarterly basis.
B. when the returns are distributed to its owners.
C. at very low rates to compensate for its unlimited liability.
D. at the corporate level and at the level of its stockholders.
Answer: D
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Which one of the following statements is false if we increase the discount rate used to allocate a resource across two time periods?
a. The resource will tend to be used up quicker b. The price of the resource will tend to rise faster c. Current consumption of the resource will increase d. The appropriate resource depletion tax will increase e. Future supplies of the resource will decrease
What are the distinctions made in the text among the terms “hypotheses,” “theories,” “laws,” and “principles”?
Please provide the best answer for the statement.