Because of NAFTA, an American business owner may be able to save money through which of the following?
a. setting up a shell corporation in the Cayman Islands to avoid U.S. taxes
b. moving a manufacturing plant from the United States to Mexico to take advantage of cheaper labor
c. purchasing cheap goods from China without paying taxes or tariffs
d. purchasing government-issued bonds to cover basic business expenses
b
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One thing that holds true about nonfiscal policies is that although a compromise may be reached, the issues seem to stay at or near the top of the public agenda
Indicate whether the statement is true or false.
Capitalism is
A. a political theory developed by Karl Marx. B. an economic system marked by the private ownership of wealth-creating assets, free markets, and freedom of contract. C. incompatible with property rights as a wealth-creating mechanism. D. named for the centralization of economic power in the capitol city. E. unpopular in the United States.
Government disbursements to a company that allow the company to sell its product less expensively both domestically and abroad are called
a. tax credits. b. tariffs. c. subsidies. d. quota. e. market forces.
In interpreting the law with an extralegal approach, judges often actively engage in
A) ?policy making. B) gatekeeping. C) environmental activism. D) ?judicial restraint. E) ?procedure making.