A hollow corporation
A. makes goods abroad and ships them to the United States.
B. makes goods in the United States and ships them abroad.
C. imports foreign goods and puts its own name on them.
D. makes goods in the United States and has them sold abroad under another company's name.
C. imports foreign goods and puts its own name on them.
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In general, the demand for the product of a monopolistic competitor is
A) unitary elastic. B) relatively inelastic. C) relatively elastic. D) perfectly elastic.
The tax base is
A. the minimum amount of tax revenue that government must collect each year. B. the sum of all incomes earned in the United States. C. the maximum amount of tax revenue that government must collect each year. D. the value of all goods, services, incomes, or wealth subject to taxation.