Wealth is created when
a. Assets move from lower value use to higher value use
b. Assets move from higher value use to lower value use
c. Assets move from individuals who are willing to pay less for them to individuals who are willing to pay more for them
d. Both A and C
a
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What is the present value of $50,000 to be received after one year, if the market rate of interest is 8% per year?
A) $44,110.98 B) $44,322.87 C) $46,296.30 D) $48,376.21
Tolls for government turnpikes have features of a tax based on _____
a. the benefit principle b. the ability-to-pay principle c. the Ramsey rule d. redistribution
The various ways that vertical relationships can evade regulation include
a. tying the sale of a regulated good to a customer's choice of an unregulated good b. unbundling regulated and unregulated goods c. excluding sellers of competing unregulated goods d. insuring tax rates are uniform across jurisdictions
Which of the following categories of business cycle theories includes the rational expectations theory?
a. physical b. monetary c. psychological d. spending and saving