Joe and Linda have the opportunity to purchase a new home. The house in Glen Oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year. What is the rate of appreciation for the house from one year to the next?
A. 5 percent
B. 6 percent
C. 7 percent
D. 8 percent
D. 8 percent
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The alternative minimum tax (AMT) was created to
A. make sure that everyone had an equal chance of facing a tax audit. B. make sure that upper income taxpayers could not use deductions to avoid paying income taxes. C. make sure poor people paid at least something in taxes. D. make sure that everyone paid the same proportion of their income in taxes.
Is a player's best response in a game the same as his dominant strategy? Explain
What will be an ideal response?
The major characteristic of a monopoly is
a. the degree of control over price it can exercise. b. its ability to produce numerous products. c. its price elasticity of demand. d. its source of revenue.
Changes in rent on a plot of land are chiefly due to
A. changes in demand. B. changes in supply. C. changes in both demand and supply. D. changes in neither supply nor demand.