The primary effect of an inheritance tax is _____
a. to encourage the liquidation of assets
b. provide significant government revenue
c. encourage capital formation
d. the encouragement of pre-death asset transfers
d
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In the long run, monopolistically competitive firms become perfectly competitive firms.
Answer the following statement true (T) or false (F)
When economic activity abroad is increasing
A. the U.S. inflation rate tends to rise. B. U.S. exports tend to decrease. C. the U.S. inflation rate tends to fall. D. U.S. exports tend to increase.
Which of the following is NOT included in M1?
A) deposits in checking accounts B) deposits in checking accounts that pay interest C) savings accounts D) traveler's checks
Consider three bonds, from Corporation X, Corporation Y, and Corporation Z. The X and Y bonds mature in 1 year, while the Z bond matures in 2 years. The Y and Z bonds have face values of $5,000 . while the X bond has a face value of $4,000 . If the interest rate is 10 percent (0.10) per year, rank the three bonds from highest present value to lowest present value
a. X, Y, Z b. Z, Y, X c. Y, Z, X d. Z, X, Y e. Y, X, Z