Taxes on beer are progressive if considered in terms of lifetime income because college students consume so much beer
a. True b. False
a
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The "Anything-Can-Happen" theorem doesn't really imply "anything can happen" in a democratic process with multiple issues; rather, it implies that political outcomes can be manipulated, and some political institutions are better at constraining the degree to which this can be done than others. Do you agree or disagree with this statement? Why?
What will be an ideal response?
The goodness of the fit of a line is measured by the
A) R2 statistic. B) t-statistic. C) unbiased coefficient. D) standard error.
When a $1,000 check written on the Chase Bank is deposited in an account at the Bank of America the:
a. Liabilities of Chase fall by $1,000. b. Reserve assets of Chase increase by $1,000. c. Liabilities of the Bank of America fall by $1,000. d. Reserves of the Bank of America fall by $1,000. e. All the above.
With a futures contract:
A. payment is made when the contract is created. B. the short position agrees to purchase the underlying asset. C. no payment is made until the settlement date. D. the risk is eliminated for both parties.