Explain what is meant by saying that capital income is taxed twice
Shareholders are part owners of a corporation. The corporation's income is taxed. If shareholders receive dividends from what's left over, these dividends are also taxed.
Economics
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Last year Sam's Hamburger Shop paid all its expenses, including wages, salaries, rent, and all inputs. The $18,000 remaining last year was
a. interest b. NNP c. proprietor's income d. GDP e. NDP
Economics
The entry of new firms into a monopolistically competitive market will make the demand curve faced by each monopolistic competitor less price elastic
a. True b. False Indicate whether the statement is true or false
Economics