Some Economists Believe That Technological Progress Could Be Increased If

question 58

Multiple Choice

Some economists believe that technological progress could be increased if the federal government

• A)nationalized research facilities.
• B)levied taxes on nominal capital gains.
• C)levied taxes on real capital gains.
• D)levied taxes on gross rather than net investment.

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Definitions:

ASPE

Accounting Standards for Private Enterprises; a set of accounting guidelines for private companies in Canada.

IFRS

International Financial Reporting Standards (IFRS) are a set of accounting rules and standards issued by the International Accounting Standards Board (IASB) that aim to bring consistency to financial reporting across the globe.

Condensed Income Statements

A simplified version of an income statement that presents only the most essential information, typically revenue, expenses, and net income, over a specific period.

Private Enterprises

Businesses that are privately owned and operated, and not publicly traded on stock exchanges.