AP reviewer

_____ firms have buyers and sellers who are all price takers.

• oligopoly

• Perfectly competitive

• monopolistic competitive market

• monopolistic market

They determine interest rates today by the interaction of the money market supply and demand for funds.

An ____ is characterized by having a few firms selling differentiated or homogeneous goods or services.

Tax on the right of a deceased person to transfer their estate at the time of death to their rightful heirs and recipients

• capital gains tax

• income tax

• estate tax

• percentage tax

Tax on a donation or gift and is imposed on the free transfer of property between two or more persons living at the time of the transfer

• Estate Tax

• Donor's tax

• Documentary Stamp Tax

• Capital Gains Tax

It refers to an increase over time in the valuation of an object.

Tax on papers, instruments, loan agreements, and documentation showing the approval, assignment, settlement, or change of a contract or right

• Income tax

• Donor’s Tax

• Documentary Stamp Tax

• Estate Tax

Commonly known as fixed interest rate. This does not take the increase of commodity into the computation. It’s used mostly by the commercial banks for their loans.

It is a government-run social institution that caters to private, professional, and informal sectors.

• Pag-IBIG

• Social Security System (SSS)

• Government Service Insurance System (GSIS)

• PhilHealth

Typically the smallest businesses, run and operated by a single person.

• Corporation

• Sole Proprietorship

• Cooperative

• Partnershi[