"Tariffs today in the United States are much higher than in the past." Is the previous statement correct or incorrect?
What will be an ideal response?
The statement is most decidedly incorrect. U.S. tariffs today are lower compared to what they were in the past.
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The ability-to-pay principle is most closely tied to the concept of
a. horizontal equity in taxation. b. fiscal federalism. c. vertical equity in taxation. d. the benefits principle of tax equity.
According to the example in the? book, medical research has shown that grapefruit juice can adversely affect the effectiveness of certain medications. This is likely to affect the demand for grapefruit because
A. the number of grapefruit sellers will decrease. B. people will buy less grapefruit because their incomes have increased. C. people will buy less grapefruit because their tastes and preferences have changed. D. the prices of oranges will change.