In developing countries, there is more reliance on ________ as opposed to ________ for government revenue
A) tariffs; tax collection
B) quotas; tariffs
C) tax collection; tariffs
D) tariffs; quotas
A
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As an option nears its expiration date, the size of the premium approaches
A) zero. B) infinity. C) its intrinsic value. D) an amount which varies, depending on prevailing market interest rates on the expiration date.
Answer the following statement true (T) or false (F)
1) A key difference between neoclassical economics and behavioral economics is that in behavioral economics context affects preferences. 2) Behavioral economics observes that people generally do not act according to their self- interest. 3) Neoclassical economics and behavioral economics both recognize that people make errors in their decision making. 4) According to behavioral economics, temptation to make harmful decisions can be overcome by presenting decision makers with better information and more options.
Disposable personal income equals personal income
A) minus personal tax payments. B) plus government transfer payments. C) minus personal tax payments plus government transfer payments. D) minus government transfer payments plus personal tax payments.
Author A accepts a $5,000 advance and a 10% royalty after 5,000 books are sold. Author B foregoes the advance and negotiates for a 15% royalty on all books sold. Author C decides to self publish his book and keep 50% of all sales revenue. In what order of risk aversion (from most to least) would you rank these authors?
A) Author A, Author B, Author C B) Author A, Author C, Author B C) Author B, Author A, Author C D) Author C, Author B, Author A