Which of the following is NOT a characteristic of socialist economies?
A) high proportion of government-owned enterprises
B) extensive welfare state
C) central planning
D) high social equality
E) low taxes
Answer: E
Explanation: E) Socialist economies have higher tax burdens on individuals and business to support extensive welfare-state social services.
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What is the true litmus test for a venture concept?
a. Whether or not the customer sees value in the concept and is willing and able to pay for it b. Whether or not customers are at least willing to try your product c. An experiment that proves your prototype works d. Whether or not the customer reacts positively to the concept
Would the marine carrier be liable in each of the following scenarios applying COGSA? The failure of the ship to unload its cargo on time at the destination port due to a longshoreman's strike. The failure of the ship to unload its cargo on time at the
destination port due to a route change necessitated by engine failure occurring after the ship left the port of shipment. A lawsuit by a seller and a buyer against a carrier for damage to goods filed 18 months after their delivery. The failure of the ship to unload its cargo on time at the destination port due to its overloading at the port of shipment. The failure of the ship to unload its cargo on time due to the threat of a terrorist attack at the port of destination. A notice of damaged goods given by a buyer to the carrier 10 days after the buyer's receipt.
Rice is a promoter of a corporation to be known as Dex Corp On January 1, 1985, Rice signed a nine- month contract with Roe, a CPA, which provided that Roe would perform certain accounting services for Dex. Rice did not disclose to Roe that Dex had not been formed. Prior to the incorporation of Dex on February 1, 1985, Roe rendered accounting services pursuant to the contract. After rendering
accounting services for an additional period of six months pursuant to the contract, Roe was discharged without cause by the board of directors of Dex. In the absence of any agreements to the contrary, who will be liable to Roe for breach of contract? a. Both Rice and Dex b. Rice only c. Dex only d. Neither Rice nor Dex
The profitability index for project A is closest to ________
Consider the following two projects: Project Year 0 Cash Flow Year 1 Cash Flow Year 2 Cash Flow Year 3 Cash Flow Year 4 Cash Flow Discount Rate A -100 40 50 60 N/A 0.13 B -73 30 30 30 30 0.13 A) 0.16 B) 32.28 C) 0.24 D) 16.14