Assume Congress Decides That Oil Companies Are Making Too Much

question 1

Multiple Choice

Assume Congress decides that oil companies are making too much profit and decides to increase the tax on oil companies for each gallon of gasoline produced. This would

• A)guarantee a decrease in profits.
• B)guarantee an increase in profits.
• C)guarantee an increase in tax revenues.
• D)None of the above.

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Definitions:

Antisocial Attitudes

Tendencies or viewpoints that are against societal norms, potentially leading to harmful behavior towards others.

Criminal Behavior

Actions that violate laws and are punishable by authorities, reflecting actions that society deems harmful or dangerous.

Securities Exchange Act

A U.S. law enacted in 1934 that governs the trading of securities, such as stocks and bonds, to protect investors and maintain fair and orderly markets.

Williams Act

A federal law in the United States that governs the disclosure requirements for tender offers in corporate takeovers.