The following are hypothetical exchange rates: $1 = 140 yen; 1 Swiss franc = $.10. We can conclude that:

Suppose you want to buy a boat, but you know that interest paid on a boat loan is not tax deductible. Therefore, you take out a home equity loan, the interest on which is still tax deductible. This procedure is an example of

a. illegal tax avoidance b. illegal tax evasion c. legal tax avoidance d. legal tax evasion e. the answer cannot be determined from the information given

A decrease in demand shifts the demand curve to the left

a. True b. False Indicate whether the statement is true or false