The smaller a country is, the less of an ability it has to export a portion of the burden of an import tariff to other countries.
Answer the following statement true (T) or false (F)
True
Rationale: The smaller a country is, the less able it is to influence the price in other countries by restricting imports -- and thus the more of the price difference that emerges from the trade restriction will be absorbed within the country.
Economics
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Suppose George's income is $10,000 and he pays a tax of $1,000 . but Laura's income is $50,000 and she pays a tax of $4,000 . Such a tax is:
a. regressive. b. progressive. c. proportional. d. flat.
Economics
Tax avoidance is
A. illegal in the United States. B. changing your behavior so as to reduce your tax liability. C. the same as tax evasion. D. a minor source of concern in the United States.
Economics