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Is it true of false that profit is the difference between earned income and costs?
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
In the study of macroeconomics production leads to income and income leads to production in a continuing cycle?
true
If disposable income increases in a economy what can be true?
savings decrease
True or false The distribution of income should be left to the market is an example of a positive economic statemente?
True
Is it true for an economy as a whole. income equals expenditure because the income of the seller must be equal to the expenditure of the buyer?
Yes
Which statement regarding state income tax is not true?
State income taxes apply only to individuals.
Which of these statements about state sales tax is not true?
which statement regarding state income tax is not true
What rule is regarding state taxes and revenue that is not true?
states cannot impose taxes on a person's income and inheritance.
What statement is true regarding America directy after reconstruction?
The attempt at improving the status of African Americans failed.
What is true regarding the French Indian war?
The French and the British started fighting in North America and also fought in Europe
8. What is true regarding Alexander Hamilton's Federalist vision of America compared with Thomas Jefferson's vision?
You left out the choices of statements.
Gross income minus less expenses is equal to net income true or false?
true
How do you forward a phishing email to Bank of America?
send any phishing related emails regarding Bank of America to abuse@bankofamerica.com. This is also generally true of any corporate web presence.
Is it true that if you get an excellent education that you get an excellent income?
true
Which statement is TRUE regarding infants born to HIV infected mothers?
Which are true statements regarding infant HIV
Merchandise Inventory is found on the income statement. True or false?
It is true that merchandise Inventory is found on the income statement.
True or false federal income tax is proportional?
true
