The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 37

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Developing countries often justify imposition of tariffs because:

• A)it creates a burden on government budget.
• B)it is easy to collect direct taxes from people in the developing countries.
• C)a large number of people in the developing countries earn a taxable income.
• D)developing countries find income taxes difficult to levy and collect.
• E)the volume of imports of these countries is considerably low.

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Definitions:

Incidental Expenses

Minor or secondary expenses that occur during the process of conducting business or performing a service.

Personal Property

Property that includes movable items such as furniture, cars, and investments, as opposed to real estate.

200% Declining-Balance Rate

A method of accelerated depreciation allowing for a double rate of depreciation on assets, compared to the straight-line method.

MACRS

The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.