Economists refer to the general problem of ________ as a principal-agent relationshi

Which of the following are ways in which corporations can reduce their U.S. tax burdens?

A) taking advantage of deductions and credits B) shifting foreign profits to overseas subsidiaries C) deducting past losses from income tax in profitable years D) all of the above

If there is a permanent decrease in demand in a perfectly competitive market, then there is an initial ________ in price and existing firms ________

A) rise; make an economic profit B) rise; incur an economic loss C) fall; make an economic profit D) fall; incur an economic loss