A creative response to regulations can be described as
A. totally conforming to the law.
B. completely ignoring the law.
C. conforming to the letter of the law but undermining its spirit.
D. none of these.
Answer: C
You might also like to view...
The predictive accuracy of relative purchasing power parity improves if:
a. Both countries have highly mobile capital markets. b. Both countries have central bank controls in place so that exchange rates change in an orderly manner. c. Both countries under consideration have very high inflation rates. d. Both countries under consideration have high growth rates. e. Both countries are either developed or undeveloped (i.e., one is not developed and the other undeveloped).
The distribution of the burden of a tax depends strictly on the elasticity of demand
a. True b. False Indicate whether the statement is true or false