After subtracting all deductions and exemptions from total income, you are left with
A. the tax base.
B. marginal income.
C. taxable income.
D. standardized income.
Answer: C
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Use the following cumulative investment schedule to answer the next question. Expected Rate of ReturnCumulative Amount of Investment (in billions)22%$11020150161801021052952380According to the cumulative investment table above,
A. $40 billion worth of investments have expected rates of return between 20% and 22%. B. $150 billion worth of investments have expected rates of return of 20% or lower. C. $260 billion worth of investments have expected rates of return higher than 20%. D. $150 billion worth of investments have expected rates of return exactly equal to 20%.
The set of mechanisms and institutions that resolve the questions of what, how, and for whom goods are produced is called the _____
a) automatic stabilizer mechanism. b) business resolution device. c) circular flow model. d) multiplier mechanism. e) economic system.
The seller of a put option is transferring the risk:
A. this statement is incorrect since only sellers of call options are transferring risk. B. of a price increase of the stock to the buyer of the option. C. this statement is incorrect since options do not transfer risk. D. of a price decrease of the stock to the buyer of the option.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.