Mr. Calhoun owned a worn-out piece of farmland for growing cotton, which he had been unable to rent for years. Suddenly he was getting offers from cotton farmers to lease his land. What is the most likely explanation of this?
a. The price of cotton went down.
b. The physical productivity of the land went up.
c. Taxes on land went up.
d. The price of cotton went up.
d
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Refer to Figure 18-7. The second lowest 20 percent of households
A) earn 12 percent of the society's total income. B) earn 16 percent of the society's total income. C) earn 28 percent of the society's total income. D) earn 40 percent of the society's total income.
Which of the following statements concerning bank regulation in the United States is TRUE?
A) The Office of the Comptroller of the Currency has the primary responsibility for state banks that are members of the Federal Reserve System. B) The Federal Reserve and the state banking authorities jointly have responsibility for the state banks that are members of the Federal Reserve System. C) The Office of the Comptroller of the Currency has sole regulatory responsibility over bank holding companies. D) The state banking authorities have sole regulatory responsibility for all state banks.
One of the most notable features of the main provisions of the Sherman Act is that they are:
A. strict. B. weak. C. vague. D. obsolete.
A sales commission is charged for the purchase of
A) no-load mutual funds. B) load mutual funds. C) sinking mutual funds. D) syndicated funds.