In the distribution of corporate profits, which of the following groups has first preference?

Points lying below a production possibilities curve are:

A) inefficient because more can be produced with the available resources. B) inefficient because they represent the production of only one good. C) efficient because combinations represented by those points are attainable. D) efficient because production is maximum on those points with the available resources.

In the United States, partnership profits are taxed at the business level and then are taxed again as personal income in the form of dividend payments

Indicate whether the statement is true or false