1. If a country does not have an absolute advantage in one area, it can't have a comparative advantage in that area, eit

[answerhappygod]

1. If a country does not have an absolute advantage in one area, it can't have a comparative advantage in that area, either.
2. Income tax is a form of direct taxation.
3. An economy contracts after reaching a trough.
4. Gains from shares and other securities are often liable to capital gains tax.
5. Accelerated depreciation is a way of encouraging capital investment.
6. Fiscal policies refer to the use of government spending and tax policies to influence economic conditions.
7. Economists recommend that developing countries should practice protectionism so that they can protect their infant industries.