Recall the Application. If country A has a lower overall income tax rate than country B, and labor can freely and easily move between the two countries, ________ in country B will tend to ________

A) labor supply; decrease B) labor demand; decrease
C) labor demand; increase D) labor supply; increase

A

Economics

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The industrial organization economics perspective assumes that the industry _____________ is the most important determinant of long-run profitability

a. Structure b. Conduct c. Performance d. None of the above

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Other things being equal, a fall in the price of Coca?Cola will increase the quantity of Coca?Cola demanded

a. True b. False Indicate whether the statement is true or false

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