In the Long Run, a Reduction in the Corporate Profits

question 163

Multiple Choice

In the long run, a reduction in the corporate profits tax may lead to ________ prices for the products of corporations and ________ prices for the products of partnerships and proprietorships.

• A) higher; higher
• B) lower; lower
• C) higher; lower
• D) lower; higher

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Definitions:

Live Longest

Refers to individuals or groups of organisms that achieve the greatest lifespan within a specific population or species.

Type D Personality

A personality type characterized by the tendency towards negative affectivity and social inhibition, potentially leading to worse cardiovascular outcomes.

Distressed

Experiencing anxiety, sorrow, or pain; a state of mental suffering often triggered by external or internal stressors.

Impulsivity

The tendency to act on urges and desires without considering the consequences, often leading to hasty or poorly thought-out decisions.