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Figure 2-12 -Refer to Figure 2-12.Which of the Following Would Most Likely

question 102

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Figure 2-12 Figure 2-12   -Refer to Figure 2-12.Which of the following would most likely have caused the production possibilities frontier to shift outward from A to B? A) a decrease in unemployment B) a technological advance in the consumer goods industries C) a general technological advance D) an increase in the availability of capital-producing resources
-Refer to Figure 2-12.Which of the following would most likely have caused the production possibilities frontier to shift outward from A to B?


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Net Income

The amount of earnings left after all expenses, taxes, and costs have been subtracted from total revenue.

FMV

Fair Market Value, an estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Tax Depreciation

The deduction of a portion of the cost of a business asset from taxable income over the asset's useful life, as allowed by tax laws.

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government, after all deductions and exemptions.

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