The people most likely to pay little personal income tax to the U.S. government are
a. the middle class.
b. renters.
c. the very poor.
d. earners of wages (as opposed to salaries).
c
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Credit risk management tools include
A) deductibles. B) collateral. C) interest rate swaps. D) duration analysis.
If a person prefers a gamble with an expected value of $100 to a sure $100 that person is
A) irrational. B) a risk lover. C) nonsystematic. D) managing a portfolio.
In the United States, the long-run average growth rate of velocity in recent decades has been
A) about 2 percent per year. B) about 1 percent per year. C) virtually zero. D) about -1 percent per year. E) about -2 percent per year.
Unique Creations has a monopoly position in magnometers. If the marginal cost for a magnometer is $50 and the price elasticity for magnometers is -4, what is the optimal monopoly price?
a. $37.50 b. $41.25 c. $66.67 d. $75.00 e. $82.50