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In the product market, producers sell goods and services to consumers. In a circular flow diagram, labor and other factors of production are sold on resource markets. These resources are then used to produce goods and services sold on product markets. Where do businesses purchase labor from the households? BetweenRead More →

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1) Extraordinarily high prices: Businesses are allowed to increase prices for critical supplies during an emergency, but they are NOT allowed to raise the price of products excessively to take advantage of the current pandemic. While laws vary by state, increases over 20% may be considered price gouging. What canRead More →

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Although loans made or arranged by brokers are exempt from usury limitations, loans made by a private lender to a borrower who is a licensed real estate broker are not exempt. Do usury laws apply to corporations? The usury laws do not apply to loans made by business and industrialRead More →

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Public buyers at the Banc Repo sale must purchase a $325 membership in order to receive a bidder badge. Payments need to be in the form of a MONEY ORDER or CASHIERS CHECK ONLY. The successful bidder is required to pay $500 non-refundable deposit prior to receiving your bidder’s badge.Read More →

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The CRA allows you to carry net capital losses back up to three years. If you have capital gains from previous years, this is a great way to offset them. To calculate your carryback, you have to check the inclusion rate for the year to which you are applying yourRead More →