Tax evasion is
a. facilitated by legal deductions to taxable income.
b. the same as tax avoidance.
c. recommended by the American Accounting Association.
d. illegal.
d
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If labor demand rises faster than labor supply, it is expected that real wages will ____
a. stay the same b. decrease c. increase d. Not enough information is available to determine the impact on real wage rates.
Which statement is true?
A. Virtually all of the poor receive public assistance, but not food stamps. B. Virtually all of the poor receive food stamps, but not public assistance. C. Virtually all of the poor receive public assistance and food stamps. D. None of these statements are true.
In the absence of economies of scale, advertising:
A. cannot influence demand. B. is not used by monopolistic competitors. C. is used by perfectly competitive firms. D. increases the average total cost of producing a given amount of output.
The use of spending and taxes by the government to influence aggregate demand is known as
A. monetary policy. B. governmental policy. C. administrative policy. D. fiscal policy. E. federal policy.