In equilibrium, if both covered interest parity and uncovered interest parity hold, the expected future spot rate is equal to

By providing in-kind benefits such as company cars, a company benefits because _____

a. they can pay less for employees b. their employees are late less frequently c. employees are grateful d. they are taxed as ordinary income not business expenses

According to the law of diminishing utility, _____

a. the same tax rate should be applied to every dollar b. the rich people should have a lower tax rate as compared to poor people c. the rich people should have a higher tax rate as compared to poor people d. the total burden on the society from a tax will be less if proportional taxation is used e. the poorer people should not be taxed at all