In 2014, the largest source of receipts for state and local governments was corporate income taxes

It is possible to determine how much a nation will export over and above its domestic consumption at various international prices, other things being equal, by finding a set of equilibria. This schedule is:

a. the import demand curve for a nation. b. the export supply curve for a nation. c. the production possibilities frontier for a nation. d. the "notrade" equilibrium.

In order for a price ceiling to have an impact on a market it must be set above the equilibrium price

Indicate whether the statement is true or false