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Kitty [74]
4 years ago
10

The primary difference between product markets and factor markets is that

Business
1 answer:
Alekssandra [29.7K]4 years ago
7 0

Answer: Option (A) is correct.

Explanation:

The product market is the market where there is a buying and selling of goods.

Factor markets are the markets where there is a buying and selling of inputs that are used in the production.

Above is the primary difference between the product and factor market.

Product markets include sale and purchase of all the finished goods except raw material, intermediate goods.

Factor markets include capital, labor, land, raw materials, intermediate goods. All these factors are used in the production of final goods.

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Answer:

The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Explanation:

Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.

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3 years ago
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3 years ago
What do you understand by marketing mix​
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3 years ago
The attractiveness test for evaluating whether diversification into a particular industry is likely to build shareholder value i
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Long-term objectives are useful because they Multiple choice question. can be accurately measured, whereas short-term objectives
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