Stock prices can be described as “random walks” if there is no relationship between one day’s prices and the following day’s prices.
Answer the following statement true (T) or false (F)
True
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To convert the nominal interest rate to the real interest rate, we
A) divide the nominal interest rate by the inflation rate. B) multiply the nominal interest rate by the inflation rate. C) subtract the inflation rate from the nominal interest rate. D) add the inflation rate to the nominal interest rate. E) subtract the nominal interest rate from the inflation rate and then multiply by 100.
Items subtracted from tax liability are called _____
a. tax credits b. tax deductions c. tax exemptions d. tax exclusions
The possibility of nonpayment is taken into account in the calculation of the present discounted value.
Answer the following statement true (T) or false (F)
How does a pollution tax decrease the volume of? pollution?
How does a pollution tax decrease the volume of? pollution?
A.
Less of the polluting good is demanded.
B.
Each unit of the polluting good generates less pollution.
C.
More pollution permits are purchased.
D.
All of the above.
E.
Only A and B.