A consumer values a car at $525,00 . and a producer values the same car at $485,000 . If sales tax is 8% and is levied on the seller, then the sellers bottom line price is
a. $527,000
b. $523,800
c. $525,000
d. $500,000
b
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According to the liquidity premium theory, a yield curve that is flat means that
A) bond purchasers expect interest rates to rise in the future. B) bond purchasers expect interest rates to stay the same. C) bond purchasers expect interest rates to fall in the future. D) the yield curve has nothing to do with expectations of bond purchasers.
In the election of 1896, supporters of William McKinley included all of the following except:
a. advocates for the gold standard. b. voters opposed to high tariffs. c. industrial employers in the East. d. Republicans.
If someone wants to start a bank today they would have to:
A. simply have $5 million is startup capital, a charter is no longer needed. B. obtain a state charter, the federal government stopped issuing charters in 1970. C. obtain a charter either from the federal or state government. D. obtain a charter from the federal government.
Table 28.1Reduction in Emissions (in tons)MC to Reduce Emissions by Steel PlantMC to Reduce Emissions by Paper Plant1$400$20025002803600320Refer to Table 28.1. Suppose the government commands each firm to reduce its emissions by one ton each. What is the total cost?
A. $400. B. $920. C. $780. D. $600.