When Mr. Peabody decides on the companies to which he will donate his time and money, a ________ issue is being addressed
A) microeconomic B) normative economic
C) positive economic D) macroeconomic
A
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A tax loophole is
a. an illegal method by which individuals or corporations avoid paying the taxes they legally owe. b. a provision in the tax code that allows individuals or corporations to reduce their tax burdens legally by meeting certain conditions. c. a tax surcharge on incomes within certain ranges. d. a provision in the tax code that allows individuals or corporations to shift the economic incidence of a particular tax on to someone else.
Binding price floors benefit sellers because they allow sellers to sell all the goods they want at a higher price
a. True b. False Indicate whether the statement is true or false
The dollar appreciates against foreign currencies. This makes foreign-produced goods __________ for Americans and U.S.-produced goods __________ for foreigners. As a result, U.S. __________ fall and U.S. __________ rise
A) more expensive; cheaper; imports; exports B) cheaper; more expensive; exports; imports C) cheaper; more expensive; imports; exports D) more expensive; cheaper; exports; imports
If Country A is relatively abundant in labor and Country B is relatively abundant in capital, the Heckscher-Ohlin theory predicts that Country A will export relatively labor-intensive goods and Country B will export relatively capital-intensive goods.
Answer the following statement true (T) or false (F)