Whether a tax is levied on sellers or buyers, buyers and sellers usually share the burden of taxes
a. True
b. False
Indicate whether the statement is true or false
True
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If an economic expansion in the economy caused an increase in the demand for loanable funds, what would be the effect on the interest rate and the quantity of funds loaned in the credit market?
A. Interest rates would increase and the quantity of funds loaned would decrease B. Interest rates would decrease and the quantity of funds loaned would increase C. Interest rates and the quantity of funds loaned would decrease D. Interest rates and the quantity of funds loaned would increase
Refer to the table below. If the discount rate is 5 percent and the cost of the investment is $42,000, what is the net present value of the investment?
The above table shows the future operating profits from an investment. The future operating profits are earned at the end of each of the respective years.
A) $44,854.77
B) $2,854.77
C) $3,599.22
D) $42,464.22