The optimal treatment of a tax on a stock of wealth depends ____
a. on how the flow of income from that wealth is taxed
b. on how the stock itself is taxed
c. on whether or not there is an estate tax
d. on the size of a stock
a
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Which of the following is counted as a benefit from international trade?
A) New production processes developed in one nation are transmitted to others. B) Intellectual property such as music and computer applications is introduced throughout the world. C) New goods have been introduced to other parts of the world. D) All of the above are benefits from international trade.
If coal prices are rising faster than the rate of interest, then
a. investors should buy coal instead of bonds. b. investors should buy bonds instead of coal. c. coal prices should be expected to fall. d. bond prices should be expected to rise.