2 Conflicting Principles (taxes and fairness)
What will be an ideal response?
1. Benefits principle
2. Ability-to-pay principle
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Refer to the scenario above. If they are the only bidders in the auction and each of them uses his optimal strategy, who will win?
A) Tom B) Bill C) Jeff D) Roger
In the foreign exchange market, how does each of the following influences affect the demand for dollars and the demand curve for dollars?
a) an increase in the exchange rate. b) an increase in the U.S. interest rate. c) a fall in the expected future exchange rate.
Another term for a stockbroker is an account representative.
Answer the following statement true (T) or false (F)
What are the factors that can shift the supply of financial capital to a certain investment?
a. if people do not want to alter their existing levels of risk b. if the riskiness or return on one investment is the same as other investments c. if the riskiness or return on one investment changes relative to other investments d. if people do not want to alter their existing levels of consumption