When the total value of a nation's exports is higher than the total value of its imports, that country has a(n) _____.
A. absolute advantage
B. trade surplus
C. trade deficit
D. comparative advantage
Answer: B
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Consumers' needs and wants are fulfilled through ________
A) value B) demand C) desire D) market offerings E) ideas
An asset was purchased three years ago for $100,000 and can be sold for $40,000 today. The asset has been depreciated using the MACRS 5-year recovery period and the firm pays 40 percent taxes on both ordinary income and capital gain
(a) Compute recaptured depreciation and capital gain (loss), if any. (b) Find the firm's tax liability.
Statutory law comes from:
a. Senate resolutions b. state legislatures c. Executive Orders d. the Supreme Court e. all other choices are correct
A petition and an order of the court serve the same purpose
Indicate whether the statement is true or false.