Business-related expenses of employees are higher than they otherwise would be due to most business-related expenses being _____
a. frivolous
b. accounted for at personal tax rates, not corporate tax rates
c. a tax credit for the individual
d. nontaxable fringe benefits
d
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Under a fixed exchange rate system, at low domestic real interest rates net capital outflows are ________, so the central bank ________ foreign-exchange reserves
A) positive; acquires B) positive; loses C) negative; acquires D) negative; loses
Apple continues to be innovative to ensure that their demand curve stays or becomes
a. More inelastic b. More elastic c. Unitary elastic d. None of the above
_____ are legal and contractual mechanism[s] for creating and operating a business for profit, using capital from investors that will be managed on their behalf by directors and officers
a. Sole proprietorships b. Partnerships c. Joint-ventures d. Corporations
The disposable income consumers receive is equal to about what percentage of total income?
A. 70 percent. B. 95 percent. C. 30 percent. D. 50 percent.