A program under which the government gives all citizens a substantial lump sum payment that is financed by a tax earned income is termed a(n) ________.
A. positive income tax.
B. in-kind transfer.
C. negative income tax.
D. unearned income tax credit.
Answer: C
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In April 2010, you needed about ________ euro to get $1.00.
Fill in the blank(s) with the appropriate word(s).
A company's credit risk can be high even if it is solvent and well-capitalized, if there is:
a. Actually, it is impossible for a solvent, well-capitalized company to have a high credit risk. b. Insufficient cash earnings and/or insufficient access to the credit markets. c. High expected inflation. d. Political and central bank instability in the nation(s) where it operates. e. A high real, risk-free interest rate.
What is the internal rate of return on a new $2,000 heater that would reduce your heating costs by $200 a year forever? Under what conditions would you make the purchase?
What will be an ideal response?
Many spokespersons of African countries complain that the U.S. and other developed countries heavily subsidize cotton. What is the reason for their discontent and what argument are they making with respect to their own economic development?
What will be an ideal response?