A Substantial Revision of the Income Tax Code That Made

question 248

Multiple Choice

A substantial revision of the income tax code that made business and personal tax returns much easier to complete would tend to cause which of the following changes in the labor market for accountants?

• A) an increase in the demand for accountants
• B) an increase in the employment of accountants
• C) a decrease in the wage rate of accountants
• D) an increase in the number of students choosing to major in accounting

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Definitions:

Multinational Corporations

Large corporations that produce and sell their goods and services in various countries, operating across national boundaries with a global management perspective.

Big Government

A government or a state perceived as overly involved in the lives of its citizens, particularly in the regulation of economy and provision of public services.

Creative Genius

An individual possessing extraordinary creativity and originality, often manifesting in significant contributions to art, science, or another field.

Theoretical Mathematician

A specialist in mathematics who focuses on developing new mathematical theories, models, and concepts, often working on problems that do not have immediate practical applications.