Secondary Authorities Explain and Interpret the Tax Law in Language

question 71

True/False

Secondary authorities explain and interpret the tax law in language often easier to understand than that of primary authorities.

---

Definitions:

Gifts of Nature

Natural resources and environmental conditions that are available for human use without the need to modify them significantly.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world with limited resources, making rationing necessary.

Goods and Services

Goods and services constitute the output of an economy's production activities; goods are tangible products, while services are intangible benefits or functions sold to consumers.

Resource

Assets or inputs used in the production of goods and services, including natural resources, labor, and capital.