Which of the Following Is False with Regards to Creating

question 71

Multiple Choice

Which of the following is false with regards to creating database tables from an REA diagram?

• A)A properly designed relational database has a table for each distinct entity in an REA diagram.
• B)A properly designed relational database has a table for each many-to-many relationship in an REA diagram.
• C)To reduce confusion,table names should not duplicate REA diagram entities' names.
• D)Many-to-many relationships will be shown in tables with hyphenated concatenations of the entities' names.

Analyze the impact of trade on consumer surplus, producer surplus, and total surplus.

Understand the concept of comparative advantage in international trade.

Assess the effects of tariffs and quotas on international trade and government revenue.

Understand the interplay between domestic prices, world prices, and trade policies in determining market outcomes.

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Definitions:

Taxable Income

The sum of money that determines the tax liability of a person or business to the government, following the subtraction of deductions and exemptions.

Average Tax Rate

The fraction of total income that is paid as taxes, calculated by dividing the total tax paid by the total income.

Taxable Income

Income subject to tax, after deductions and exemptions, according to the laws of the tax system.

Progressive Income Tax

A taxing mechanism in which the tax rate increases as the taxable amount or income increases, placing a higher burden on those who earn more.