Contracts are distinguished from tactical alliances by which of the following characteristics:
a. involve sequential responses
b. require third-party enforcement
c. raise shareholder value
d. elicit diminished reactions from competitors
b
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Which of the following statements about the characteristics of debt and equity is FALSE?
A) They can both be long-term financial instruments. B) They can both be short-term financial instruments. C) They both involve a claim on the issuer's income. D) They both enable a corporation to raise funds.
Which of the following statements is correct regarding the Fed? a. Under the Federal Reserve System, there is one Federal Reserve Bank, located in Washington D.C
b. Under the Federal Reserve System, there is one Federal Reserve Bank whose location changes every 14 years. c. Under the Federal Reserve System, there is a Federal Reserve Bank in each Congressional district. d. Under the Federal Reserve System, there is a Federal Reserve Bank in each state. e. Under the Federal Reserve System, there are 12 Federal Reserve banks, one in each of the 12 Federal Reserve districts.
International trade tends to lower the value of the multiplier because
a. imports fall as GDP increases. b. net exports fall as GDP increases. c. net exports tend to rise as GDP increases. d. exports fall as GDP increases.
Data from the effects of the substantial tax rate reductions in the 1980s
a. cast serious doubt on the Laffer curve as a guide for tax policy. b. are consistent with the principles illustrated in the Laffer curve. c. generally reject the idea that lower tax rates can lead to higher tax revenue. d. support an "inverted Laffer curve" in which reducing tax rates for those with high incomes leads to lower tax revenue.