A key feature of the 2003 tax reform was
a. the creation of an estate tax
b. reduction of the tax rate on dividends and capital gains
c. eliminating the capital gains tax
d. eliminating tax exemptions
e. increasing tax deductions for corporate expenditures on entertainment
B
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To analyze intra-industry trade, we must bring in imperfect competition, and we change our assumptions about our trade models to allow:
a. price-conscious consumers. b. short-run unemployment. c. differentiated products. d. perfect competition.
In 2015, the Educational Testing Service (ETS) charged $52.50 to take the Scholastic Aptitude Test (SAT) but $195 to take the Graduate Record Exam (GRE). One reason for this difference in price is
A) the GRE is a longer test with more questions. B) more people took the SAT than the GRE in 2015. C) an average, those who take the GRE have higher incomes than those who take the SAT. D) the ETS faces competition in the market for the SAT but no competition for the GRE.