Economists generally think that the ____ tax is among the best ways to raise revenue.
A. property
B. personal income
C. sales
D. value-added
Answer: B
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If an increase in prices decreases total revenue in the short run, what will it do to total revenue in the long run? a. It will decrease total revenue in the long run
b. It will increase total revenue in the long run. c. It will leave total revenue unchanged in the long run. d. Any of the above results are possible in the long run.
Which are the main trading partners of the United States?
(A) Germany, Great Britain, China, and France. (B) Canada, Mexico, China, and Japan. (C) The Middle Eastern countries. (D) The Central American countries.
You are the head of finance for a very large corporation located in a relatively small town. At a local chamber of commerce meeting, the president of the local bank asks you why you keep the corporation's bank accounts in a very large mid-western bank and not in his local bank. From a risk reduction perspective, how could you answer his question?
What will be an ideal response?
Refer to the information provided in Figure 1.7 below to answer the question(s) that follow.
Figure 1.7Refer to Figure 1.7. If a 45-degree line were also graphed, it would ________ the line shown on the graph.
A. cross B. lie above C. lie below D. The answer is indeterminate from this information.