Present value calculations allow one to determine the
A. present-day costs and/or benefits of various options.
B. social cost of financial calculations.
C. return to an uncertain asset.
D. real wage.
E. utility value of a particular option.
Answer: A
Economics
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The only way that consumption can be taxed is through a general sales tax
a. True b. False
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If the cross elasticity of demand for two goods is positive, then the two goods are substitutes
Indicate whether the statement is true or false
Economics
A tax that fell very heavily on the rich and the upper middle class might shift the Lorenz curve from
A. J to K.
B. K to L.
C. L to K.
D. I to J.
Economics
A trade surplus occurs when:
A. quotas exceed tariffs. B. tariffs exceed quotas. C. imports exceed exports. D. exports exceed imports.
Economics