Critics of the view that regionalization will prevail over globalization most likely base their argument on the belief that ________
A) regionalization is a transition stage toward globalization
B) neighboring countries are more apt to disagree politically than distant countries
C) neighboring countries are too geographically similar to benefit from trade
D) business in non-territorial areas is not regional
A
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When an appraiser relies on the principle of substitution, he assumes that one property may be substituted for another in terms of:
A: Income; B: Use; C: Structural design; D: Any of the above.
Under which of the following circumstances is trust property with an independent trustee includible in the grantor's gross estate?
A. The trust is revocable. B. The trust is established for a minor. C. The trustee has the power to distribute trust income. D. The income beneficiary disclaims the property, which then passes to the remainderman, the grantor's friend.