An increased demand for the services of tax accountants
A) may raise their fees but cannot affect their costs.
B) may raise their fees by making it more costly for them to provide services to any client.
C) will lead to fewer people using the services of tax accountants because higher prices mean a smaller quantity demanded.
D) will lower their fees in the long run by producing more tax accountants.
B
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Why is it true that exchange rates tend to be equal worldwide? Briefly explain
What will be an ideal response?
Adam Smith believed that the goal of economic activity is to amass wealth in the form of gold, and that this could best be accomplished through government carefully using tariffs and quotas to fashion favorable terms of trade with its trading partners
a. True b. False Indicate whether the statement is true or false