Refer to the scenario above. Which family pays the lowest percentage of its income as taxes if the government follows a progressive tax system?
A) The first household
B) The second household
C) The third household
D) The fourth household
A
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Under current WTO rules, a country can adopt
A) any environmental standard it chooses, even if it discriminates against foreign producers. B) only the same environmental standards as its immediate geographic neighbors. C) any environmental standard it chooses as long as it does not discriminate against foreign producers. D) only WTO-approved environmental standards.
If the final expressions in a present value equation used to calculate the price of a bond you are considering buying are "[$75 / (1 + .04)6] + [$2,500 / (1 + .04)6]," which of the following is correct?
A) The face value is $2,500, the interest rate you need is 6 percent, and the coupon will mature in 4 years. B) The face value is $2,500, the coupon is $75, and the coupon will mature in 4 years. C) The coupon is $75, the interest rate you need is 4 percent, and the coupon will mature in 6 years. D) The face value is $75, the interest rate you need is 1.04 percent, and the coupon will mature in 6 years.