A direct tax
a. can be shifted forward.
b. can be shifted backward.
c. cannot be shifted.
d. has to be proportional.
c. cannot be shifted.
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Liquidity refers to the
A. rapidity with which money flows through the economy. B. ease with which an asset can be converted into cash. C. ease with which banks move funds from checking to savings accounts. D. All of these responses are correct.
Portfolio investment means buying
A) less than 10 percent of stock shares of of a foreign company. B) more than 50 percent of stock shares of a foreign company. C) a combination of different companies' stock shares. D) bonds through a financial company.
A monopoly exists when there is only one producer in an industry, and no close substitutes for the product exist
a. True b. False Indicate whether the statement is true or false
Individuals who do harm to others while behaving irresponsibly or negligently would, in most U.S. states, encounter
A. limitation on their civil liability. B. unlimited civil liability. C. total elimination of all civil liability. D. free public provision of a competent defense attorney.