Suppose That Voters in Your Community Pass a One-Cent Sales

question 20

Multiple Choice

Suppose that voters in your community pass a one-cent sales tax increase to fund education, knowing full well they will have to forgo other goods they typically consume.This primarily addresses the economic question of:

• A) How will each good be produced?
• B) For whom shall the goods be produced?
• C) Why will the resources be used to produce goods?
• D) What goods and services should a society produce?

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Definitions:

Nondirectional

Trading strategies not dependent on the market's direction, aiming to profit regardless of whether prices are rising or falling.

Directional

In investing, this term refers to strategies or trades based on the anticipated direction of the market or an asset's price movement.

Arbitrage

A zero-risk, zero-net investment strategy that still generates profits.

Transparency

In finance, it refers to the extent to which investors have ready access to required financial information about a company, market, or security.