Only two states do not have state personal income taxes
a. True b. False
b
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An increase in the quantity of a product supplied is caused by an increase in the price of the product
Indicate whether the statement is true or false
Assuming that fish, chicken, pork, and beef are substitutes, suppose that the price of fish has fallen. This will, other things being equal
A. increase demand for chicken, pork, and beef. B. leave demand for chicken, pork, and beef unchanged. C. increase quantity demanded of beef. D. reduce demand for chicken, pork, and beef.
The only purpose of labor unions is to form a more cohesive bargaining entity to offset the bargaining power of employers in the labor market
Indicate whether the statement is true or false
If the euro faces a currency crisis with its value falling from $1.40 per euro to $1.20 per euro, who would benefit the most?
a) An American car manufacturer trying to export cars to Spain. b) Universal Studios Orlando, which wants more European tourists to visit its theme parks. c) The Brown family from Florida who plans to visit Paris next month. d) Jared, an American investor who purchased a 10,000 euro bond last year.