When corporate income taxes are increased on competitive industries, the increase _____
a. will have the largest effect on firms with elastic demands
b. will have the largest effect on firms with inelastic demands
c. will be evenly distributed between stockholders and customers
d. will have zero effect
a
Economics
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To find aggregate planned expenditures, which of the following must be added to consumption expenditure?
i. net exports ii. investment iii. government expenditure on goods and services A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Economics
Bill's utility function takes the form U(I) = exp(I) where I is Bill's income. Based on this utility function, we can see that Bill is:
A) risk averse B) risk neutral C) risk loving D) He can exhibit two or more of these risk behaviors under this utility function.
Economics