Which of the following rules affected hedge funds as a result of the Dodd-Frank Act of 2010?
A) Hedge funds have to make detailed disclosure of their asset holdings.
B) Large hedge funds must register with the SEC.
C) Investors are allowed to make withdrawals after the first week.
D) Carried interest is taxed as ordinary income.
B
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Mark has a two-year wage contract with his employer. Mark's wage contract specifies a $50,000 salary for the first year, and specifies a salary increase equal to the percentage increase in the CPI during the second year
The percentage increase in the CPI during the year was 4.0 percentage points. If the CPI overstates inflation by 1.0 percentage point, at the end of the first year Mark's salary increased by ________ more than it would have without the upward bias. A) $500 B) $50 C) $3000 D) $1500 E) $2000
The average tax rate faced by an individual is the ________
A) total tax paid by her divided by the total income earned B) total revenue received by the government divided by the number of taxpayers C) percentage of the last dollar earned that a household pays as a tax D) difference between the highest tax rate and the lowest tax rate
Which of the following is FALSE?
a. Maximizing division profits always leads to maximizing company-wide profits b. Managers of profit centers are usually given a lot of discretion in their decision making c. Profit centers usually largely run themselves d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
A graph that shows the percentage of the families on one axis and the percentage of income on the other is called the:
a. Budget-distribution curve. b. Income-consumption curve. c. Lorenz curve. d. Marx curve.