The characteristics that money should have include:
a. portability, durability, and flexibility.
b. durability, flexibility and stability.
c. durability, portability, and non-homogeneity.
d. scarcity, portability, and divisibility.
e. portability, homogeneity, and flexibility.
d
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Suppose a firm can estimate its demand with 100 percent accuracy. In this case, the value of the forecast is equal to ________.
A) zero B) the actual profit the firm earns from having the forecast C) the amount of profit the firm would lose from not having the forecast D) infinity
Using the income approach, general sales taxes, excise taxes, customs duties, business property taxes, and license fees are termed:
a. indirect business taxes. b. regressive taxes. c. disproportionate taxes. d. capital depreciation. e. progressive taxes.
A person's marginal tax rate equals
a. her tax obligation divided by her average tax rate. b. the increase in taxes she would pay as a percentage of the rise in her income. c. her tax obligation divided by her income. d. the increase in taxes if her average tax rate were to rise by 1percent.
The central bank of a country controls the money supply, which equals the currency held by.
A. Banks B. The public plus they're checking and savings account balances C. The public plus their checking account balances