Students Should Not File Income Tax Returns Because They Have

question 1

True/False

Students should not file income tax returns because they have to pay sales taxes such as the GST and PST.

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Definitions:

Import Quotas

Limits set by a government on the amount or value of goods that can be imported into a country.

Domestic Supply

The total amount of a good or service available from producers within a country for domestic consumption or use.

Demand Schedules

Tables that show the level of demand for a specific good or service at different price points, typically holding all other factors constant.

World Price

The price at which goods are traded internationally, reflective of supply and demand dynamics on a global scale.