Third parties can be unintentionally affected by the market activity of others

The Community Charge was a poll tax to fund local government in the United Kingdom, instituted in 1989 by the government of Margaret Thatcher. It replaced the rates that were based on the national rental value of a house

It was a fixed tax per adult resident. Is this tax a proportional, progressive or regressive tax? Explain your answer.

Diversification refers to the

A) splitting of wealth into many assets. B) difference between the liquidity of an asset and its risk. C) difficulty of converting investments in common stocks into investments in bonds. D) difficulty of selling common stocks in a weak market.