Which of the distributive standards does NOT involve a value judgment?
A) productivity standard
B) egalitarian standard
C) merit standard
D) All of the standards involve value judgments.
D
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The essential difference between sales and excise taxes is that
A. sales taxes apply to a wide range of products, while excises taxes apply only to a select group of products. B. excise taxes apply to a wide range of products, while sales taxes apply only to a select group of products. C. sales taxes are consumption taxes, while excise taxes are not. D. excise taxes are consumption taxes, while sales taxes are not.
The price of a bond with no expiration date is originally $1,000 and has a fixed annual interest payment of $150. If the price of the bond then falls by $100, what will be the interest rate yield to a new buyer of the bond?
A. 16.7% B. 11.2% C. 17.8% D. 15%
One problem with assets bubbles is that while it is easy to identify them as such in retrospect, it is not easy to do so in advance
a. True b. False
Repair guarantees are a sign the seller thinks they have a lemon.
Answer the following statement true (T) or false (F)