A person with a total tax liability of $4,350 and withholding of federal taxes of $3,975 would
A) receive a refund of $3,975.
B) owe $4,350.
C) owe $375.
D) receive a refund of $4,350.
E) receive a refund of $375.
Answer: C) owe $375.
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All of the following are features of the diamond of national advantage theory EXCEPT ________
A) firm strategy, structure, and rivalry B) strategic trade policy regulations C) related and supporting industries D) demand conditions
Suppose a monopolist has a choice to charge a higher price in one market than another, what would be the guideline to determine which market is charged more?
A) The market with the less elastic demand curve is charged more. B) The market with the less elastic demand curve is charged less. C) The market with the less elastic supply curve is charged more. D) The market with the less elastic supply curve is charged more.