The principle by which the tax authorities allow firms to reduce their tax liability by the amount of income taxes paid to a foreign government is known as a tax credit.
a. true
b. false
a. true
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The area ________ the market supply curve and ________ the market price is equal to the total amount of producer surplus in a market
A) below; below B) below; above C) above; below D) above; above
If the marginal product of labor is constant for all levels of output, then the average product of labor
A) is constant. B) equals the marginal product of labor. C) Both A and B above. D) Either A or B above but not both.
With reference to the difference between a change in demand and a change in quantity demanded, which of the following is TRUE?
A. If a good's price goes down, then demand for the good will decrease. B. If a good's price goes down, then quantity demanded will increase. C. If price rises and quantity demanded decreases, then the demand curve will shift to the left. D. If demand increases, then the demand curve will shift to the left.
Explain why anti-branching laws often created credit crunches that slowed economic growth.
What will be an ideal response?