Which of the following helps explain the problem of disappearing political discourse?
A. Moral hazard
B. The lemons model
C. Statistical discrimination
D. Adverse selection
Answer: C
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How can the Gordon Growth model help explain the major decline in stock indexes during 2007-2009?
A) There was an increase in the required return on equities and a decrease in the expected growth rate of dividends. B) There was a decrease in the required return on equities and an increase in the expected growth rate of dividends. C) There was an increase in the required return on equities and an increase in the expected growth rate of dividends. D) There was a decrease in the required return on equities and a decrease in the expected growth rate of dividends.
The federal income tax began in the United States with the
A. Morrill Act of 1862. B. addition of the Bill of Rights to the Constitution in 1791. C. passage of the 16th Amendment to the Constitution in 1913. D. New Deal legislation of the 1930s.