The actions taken by arbitrageurs in the foreign exchange markets
a. destabilize foreign exchange markets
b. are highly risky
c. have no effect on exchange rates
d. help assure that exchange rates are equalized across all markets
e. are the same as those undertaken by speculators
D
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Mr. Thomson has a before-tax income of $20,000 and paid taxes of $2,000 . Ms. Lynch had a before-tax income of $10,000 and paid taxes of $1,500 . Based on this information, which of the following is correct?
a. The tax system is progressive. b. The tax system is proportional. c. The tax system is regressive. d. The tax system is based on the benefits received. e. There is insufficient information to answer the question.
Which of the following sentences, based on the findings of neuroeconomics, is true?
a. Logical decision-making takes place in the limbic system. b. Emotional decision-making takes place in the prefrontal cortex. c. The prefrontal cortex confuses the logical side of the brain by bringing in emotions, and in some cases it takes over and demands immediate gratification. d. Adults have greater activity in their frontal lobes and lower activity in their amygdala than do teenagers. e. The amygdala takes a long-term perspective on the decision-making, looking at logical cost-benefit comparisons.