Filing a fraudulent income tax return that understates income or overstates deductions is known as

Recessions occur at regular intervals and are possible to predict with much accuracy.

a. true b. false

An inefficient manufacturing base is likely to result when:

a. only those goods are produced in which the domestic economy has a comparative advantage. b. a newly developing economy has no international trade controls. c. competitive foreign imports are restricted. d. the economy produces only those goods in which it has technical expertise. e. producers compete solely on the basis of low cost.