Which tax form would you select for a Partnership?
a. Form 1120
b. Form 1120S
c. Form 1065
d. Form 1040S
c. Form 1065
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The Fed's "dual mandate" is to achieve ________
A. a government budget surplus and low interest rates B. low inflation and maximum employment C. a stable quantity of money and stable prices D. zero unemployment and a stable means of payment
What is the amount that individuals would have been willing to pay, minus the amount that they actually paid?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss
If an investment will return $1,500 half of the time and $700 half of the time, the expected value of the investment is:
A. $1,250. B. $1,050. C. $2,200. D. $1,100.
Deciding how a society's products are distributed among its citizens answers the economic question of:
A. "who consumes the products produced?" B. "what products will be produced?" C. "where will the products be consumed?" D. "how will the products be produced?"