1. This is a tax levied on gifts and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer. A. Estate tax B. Capital gains tax C. Donor Tax D. Income Tax
Choose the Correct Answer.
1. This is a tax levied on gifts and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.
A. Estate tax
B.
C. Donor Tax
D. Income Tax
2. It shows the peak of a business cycle.
A. Recession
B. Recovery
C. Prosperity
D. Depression
3. It shows that both production and employment fall.
A. Recession
B. Recovery
C. Prosperity
D. Depression
4. It pertains to the situation whereby both production and employment are at their lowest levels.
A. Recession C. Prosperity
Recovery D. Depression
5. It is a point in business cycle whereby both production and employment are rising towards full employment.
A. Recession
B. Recovery
C. Prosperity
D. Depression
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