Tax avoidance is
A. illegal in the United States.
B. changing your behavior so as to reduce your tax liability.
C. the same as tax evasion.
D. a minor source of concern in the United States.
B. changing your behavior so as to reduce your tax liability.
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A cartel is
A. always successful in raising profits. B. a formal agreement among firms to collude. C. a form of covert collusion. D. legal in the United States.
Suppose the U.S. dollar is backed by one-sixth of an ounce of gold and the British pound is backed by one-third of an ounce of gold. The exchange rate between the U.S. dollar and the British pound equals ________ per pound
A) $0.50 B) $1.00 C) $1.50 D) $2.00
Which of the following is a positive economic statement?
A) We should raise the minimum wage in order to provide a decent wage for more people. B) Consumers bought fewer cars when the relative price of cars increased. C) The budget deficit has been rising in recent years. D) Federal government spending ought to be curtailed. E) b and c
In which of the following regions would you most expect to see labor-intensive production?
a. Japan b. Western Europe c. southeast Asia d. the United States