In-kind transfer payments might not be used in the desired way due to _____
a. the fungibility of money
b. poor incentives
c. incomplete information
d. the incentive to substitute into leisure
a
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Derive the Black-Scholes formula to represent the relationship between the price of an option and the price of its underlying stock
The World Bank tracked the performance of countries that had undergone varying degrees of globalization since the 1960s. Which of the following was a conclusion of the study?
a. The process of globalization widened the gap between rich countries and poor countries. b. The growth rates of globalizing countries were higher than the growth rates of nonglobalizers. c. The fraction of the very poor increased in newly globalized economies. d. Globalization increased income inequality. e. Unemployment increased in newly globalized countries.
At any quantity, the price given by the supply curve shows the cost of the lowest-cost seller
a. True b. False Indicate whether the statement is true or false
The equity of a tax system concerns whether the tax burden is distributed equally among the population
a. True b. False Indicate whether the statement is true or false