During the 1780s–1790s, the largest source of revenue for the U.S. government came from

a. the personal income tax.
b. the corporate income tax.
c. the social security tax.
d. import tariffs.


d. import tariffs.

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The monopolistic advantage theory suggests that firms in oligopolistic industries are likely to _______________ foreign direct investment when they have technical and other advantages over indigenous firms.

A. ignore B. duplicate C. not change D. reduce E. increase

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The market has an expected rate of return of 9.8 percent. The long-term government bond is expected to yield 4.5 percent and the U.S. Treasury bill is expected to yield 3.4 percent. The inflation rate is 3.1 percent. What is the market risk premium?

A) 2.2 percent B) 3.3 percent C) 5.3 percent D) 6.4 percent E) 6.7 percent

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List some common errors in the appraisal process.

What will be an ideal response?

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Alex, a U.S. citizen, became a resident of Belgium in 2019. Alex will no longer be subject to U.S. taxation on income he earns in Belgium if such income is exempted from tax under the U.S.-Belgium treaty.

Answer the following statement true (T) or false (F)

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