Suppose that in 2020 the average citizen's federal tax bill is $14,888 per person, and total federal spending is $13,997 per person. In 2020, the federal government will have
a. a per person budget surplus of $891.
b. a per person budget deficit of $891.
c. horizontal equity.
d. vertical equity.
b
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Which of the following is not among Porter's competitive forces?
A) changing consumer tastes B) threat of new entrants C) power of buyers D) power of suppliers
The efficient markets hypothesis indicates that investors
A) can use the advice of technical analysts to outperform the market. B) do better on average if they adopt a "buy and hold" strategy. C) let too many unexploited profit opportunities go by if they adopt a "buy and hold" strategy. D) do better if they purchase loaded mutual funds.
Which of the following is (are) a guideline(s) to be used in the estimation of cash flows?
a. cash flows should be measured on an incremental basis b. cash flows should be measured on an after-tax basis c. all the indirect effects of the project should be included d. all of the above e. none of the above
"There should be less discrimination against women" is an example of a positive statement
a. True b. False