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TAX EVASION: An illegal reduction in taxes. Tax evasion occurs when someone fails to pay their legal taxes. This is the sort of thing that leads to a prison sentence. Ethical considerations aside, it is also the sort of thing that's likely to happen if tax rates are high or unpopular.
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GOVERNMENT ENTERPRISES Government owned and operated productive activities that operate much like private sector firms. They hire resources and purchase other inputs, then produce goods sold through markets. In some cases, government enterprises compete directly with private firms. One common example of a government enterprise is a city-operated electrical generation and distribution system. In some cities, this service is provided by private, for-profit, businesses. In other cities it is provided by government. Other examples of government enterprises include urban transportation systems, parks and recreational facilities, and communication systems.
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Woodrow Wilson's portrait adorned the $100,000 bill that was removed from circulation in 1929. Woodrow Wilson was removed from circulation in 1924.
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"Live in such a way that you would not be ashamed to sell your parrot to the town gossip." -- Will Rogers
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APT
Arbitrage Pricing Theory
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