If There Is a Decrease in Taxes on Business Firms

question 57

Multiple Choice

If there is a decrease in taxes on business firms in a small open economy,it causes the current account to ________ and the equilibrium amount of saving to ________.

• A)fall; fall
• B)rise; remain unchanged
• C)fall; remain unchanged
• D)rise; fall

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Definitions:

Control Charts

visual mechanisms used in quality control to monitor, control, and improve process performance over time by plotting data points against specific control limits.

Lowest Level Of Quality

Refers to the minimum standard of quality that a product, service, or process must meet to be considered acceptable.

AOQ

Average Outgoing Quality, which is a measure in statistics and quality management used to average the number of defective units in a batch of goods.

Acceptance Sampling

A statistical quality control method that determines whether to accept or reject a batch of products based on sampling a few units from the batch.