Richard Bland quit his job as an accounting professor to start his own restaurant. He gave up a salary of $50,000 per year and withdrew $100,000 in bank CDs earning 5 percent to buy a building and equipment. In the restaurant's first year it had direct expenses of $75,000 and revenues of $150,000 . The restaurant's economic profit was

The Doha Round of international trade talks concluded in 2007 with the successful establishment of a general free trade agreement between developing and developed nations

Indicate whether the statement is true or false

Adhering to the principle of revenue neutrality _____

a. allows for the separation of efficiency and the overall level of taxation b. allows for the separation of equity and the overall level of progressivity c. allows for the separation of equity and government spending d. allows for the separation of efficiency and intergovernmental transfers