A Corporation Is Considered a Citizen

question 56

Multiple Choice

A corporation is considered a citizen:

• A)of the state in which it has its principal office, for the purpose of determining diversity of citizenship.
• B)of the state of its incorporation, for the purpose of determining diversity of citizenship.
• C)under the Fourteenth Amendment privileges and immunities clause.
• D)All of the above.
• E)Only (a) and (b).

---

Definitions:

MRP Curve

The Marginal Revenue Product curve, which shows the additional revenue generated by employing one more unit of a resource or factor of production.

Wage Rates

This is the remuneration paid to employees based on the duration of their work, reflecting the value or price of labor in a job market.

Labor Demand

The quantity of workers that employers are willing and able to hire at a given wage rate, in a given time period.

Derived Demand

The demand for a factor of production or intermediate good that results from the demand for another good or service.