In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. Suppose the effect on the buyers was larger than the effect on the sellers
Consequently, in the current market for peanut butter there is a ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) rise; an increase
B) rise; a decrease
C) fall; a decrease
D) fall; an increase
A
Economics
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Explain the argument that consumption is the best tax base. Explain the argument that wealth is the best tax base. Explain the argument that income is the best tax base
In your opinion, which measure is the best tax base - consumption, income, or wealth? Why?
Economics
A bond promises to pay $500 in one year and $10,500 in two years. What is the correct way to find the present value of this bond?
a. $500(1 + r) + $10,500/(1 + r)2 b. $500/(1 + r) + $10,500/(1 + r)2 c. $11,000/(1 + r)2 d. $500(1 + r) + $10,500(1 + r)2
Economics