Tax avoidance is
A. illegal in the United States.
B. changing your behavior so as to reduce your tax liability.
C. the same as tax evasion.
D. a minor source of concern in the United States.
B. changing your behavior so as to reduce your tax liability.
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Inmates at the federal penitentiary at Lompoc, California, accepted packages of mackerel in exchange for goods and services. What function do these packages of mackerel perform?
A) They function as a store of value. B) They function as a medium of exchange. C) They function as a unit of account. D) They function as a factor of production.
If the nominal gross domestic product (GDP) is $6 trillion for a particular year, and the real GDP is $3 trillion, then the GDP price index is 167
a. True b. False Indicate whether the statement is true or false