Your textbook highlights a debate that has been going on for some years. The issue is whether there should be a corporation tax, given that corporations are nothing more than groups of people. Should there be a corporation tax? Why or why not?
What will be an ideal response?
The debate will be answered by investigation whether a switch in taxing systems will generate
the same level of tax revenue without causing harm to the economy. Theoretical models have
yielded mixed results as to the effectiveness of a switch. It will have to be tested empirically to
know for sure.
Economics
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Suppose that businesses in Japan reduce their spending on plant and equipment. What will be the effect on spending on plant and equipment by businesses in the United States?
What will be an ideal response?
Economics
If marginal revenue exceeds marginal cost in the short run, total revenue for the perfectly competitive firm is greater than total cost
a. True b. False Indicate whether the statement is true or false
Economics