A matched sale-purchase transaction is also known as a

Which of the following statements is true of the process of colonization?

A) Institutions in North America were set up by Europeans. B) Europeans set up similar institutions around the world. C) Residents in all colonies had similar property rights. D) It was characterized by the absence of slavery.

The complexity of the U.S. federal income tax system results in significant annual deadweight losses. The opportunity cost of the hours taxpayers spend on record keeping and completing their tax returns amounts to billions of dollars

a. If the tax system was simplified, how would this benefit the economy? b. Why hasn't the tax system been simplified?