Financial capital is
A) the collection of stock and bond exchanges around the country.
B) funds used to purchase capital goods.
C) the foreign exchange market.
D) assets of financial institutions.
Answer: B
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Profits resulting from luck can be distinguished from profits attributable to shrewd predictions by
A) calculating the opportunity cost of earning the profits. B) comparing the profits with interest rates. C) finding out whether they lead to reduced revenue or increased costs. D) no known empirical test. E) whether or not they were generally anticipated.
Which of the following would not be considered an indirect tax?
a. A value-added tax b. A tax on wheat export c. A tax on imported automobiles d. A tax on the income of a computer manufacturer e. A sales tax on cigarettes