A corporate business jet operated by a company from Nation A crashes in a neighborhood in Nation B while attempting to land at the nearby airport during a thunderstorm. Many homes and businesses are damaged or destroyed and there are numerous deaths and injuries among people on the ground. If both Nation A & B are signatories to the Rome Convention (the Convention on Damages to Third Parties Caused by Foreign Aircraft), will those people and businesses be required to prove that some act of negligence by the aircraft operator caused the crash, in order to receive compensation from that aircraft operator? Explain. If either or both Nations A and/or B was/were not signatories to the Rome Convention, how would your answer differ? The Rome Convention is an example of what kind of law?

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?