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Finish OG CR
106. Property taxes are typically set at a flat rate per $ 1,000 of officially assessed value. Reassessments should be frequent in order to remove distortions that arise when property values change at differential rates. In practice, however, reassessments typically occur when they benefit the government – that is, when their effect is to increase total tax revenue.
If the statements above are true, which of the following describes a situation in which a reassessment should occur but is unlikely to do so? (A) Property values have risen sharply and uniformly. (B) Property values have all risen – some very sharply, some less so. (C) Property values have for the most part risen sharply yet some have dropped slightly. (D) Property values have for the most part dropped significantly; yet some have risen slightly. (E) Property values have dropped significantly and uniformly. 62. Which of the following best completes the passage below? At a recent conference on environmental threats to the North Sea, most participating countries favored uniform controls on the quality of effluents, whether or not specific environmental damage could be attributed to a particular source of effluent. What must, of course, be shown, in order to avoid excessively restrictive controls, is that ___________. (A) any uniform controls that are adopted are likely to be implemented without delay (B) any substance to be made subject to controls can actually cause environmental damage (C) the countries favoring uniform controls are those generating the largest quantities of effluents (D) all of any given pollutant that is to be controlled actually reaches the North Sea at present. (E) environmental damage already inflicted on the North Sea is reversible 75. Which of the following best completes the passage below? The more worried investors are about losing their money, the more they will demand a high potential return on their investment; great risks must be offset by the chance of great rewards. This principle is the fundamental one in determining interest rates, and it is illustrated by the fact that——. (A) successful investors are distinguished by an ability to make very risky investments without worrying about their money (B) lenders receive higher interest rates on unsecured loans than on loans backed by collateral (C) in times of high inflation, the interest paid to depositors by banks can actually be below the rate of inflation (D) at any one time, a commercial bank will have a single rate of interest that it will expect all of its individual borrowers to pay (E) the potential return on investment in a new company is typically lower than the potential return on investment in a well-established company |
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