Author Question: Which of the following about corporations is TRUE? A) The cost of capital and labor is high ... (Read 62 times)

folubunmi · **on:** Jun 29, 2018

Which of the following about corporations is TRUE?

A) The cost of capital and labor is high relative to that paid by a proprietorship.
B) Profits are taxed only once as the owners' income.
C) The owners' entire wealth is at risk.
D) Corporations' profits are taxed independently of their owners' incomes.

Question 2

An increase in a consumer's income creates a

A) rightward parallel shift of the budget line.
B) leftward parallel shift of the budget line.
C) rightward rotation of the budget line, so that the budget line becomes steeper.
D) leftward rotation of the budget line, so that the budget line becomes steeper.