Which of the Following Is True About the Economic Effects

question 11

Multiple Choice

Which of the following is true about the economic effects of the corporate income tax?

• A)Its incidence is likely to be borne entirely by workers.
• B)Its incidence is likely to be borne only by shareholders of corporations.
• C)Its incidence is likely to be borne only by consumers of corporate products.
• D)Its incidence is likely to be shared by owners of capital, workers, and consumers of corporate products.

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Definitions:

Individualistic Cultures

Societies that emphasize personal achievements, independence, and a self-oriented focus, as opposed to collective goals and interdependence.

Collectivistic Cultures

Societies that emphasize the needs and goals of the group over the desires or concerns of the individual.

EVLN Model

Stands for Exit, Voice, Loyalty, and Neglect, which are four strategies employees may use in response to job dissatisfaction.

Active/Passive

Describes an individual's general approach towards life; active individuals tend to initiate actions and influence their environment, while passive individuals tend to be more reactive and less inclined to seek change.