If a person were in the 20% tax bracket and given the choice of a $500 credit or a $2500 deduction,
A. he would not care. They would constitute the same tax benefit.
B. he would take the credit every time.
C. he would not qualify for either.
D. he would take the deduction every time.
Answer: A
Economics
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Immigration tends to lower the income of all factors of production. True or false
Indicate whether the statement is true or false
Economics
Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. The quota will decrease the revenue of foreign firms by
A) $0. B) $2,500. C) $7,500,000. D) $11,250,000. E) $13,125,000.
Economics