Is having abundant resources an absolute guarantee of economic growth and prosperity? no, many countries thrive under collective ownership of property. yes, there are no prosperous countries without a large amount of resources. no, countries also need an aggressive military. no, other factors like institutions and technological advances are relevant too. yes, as long as a country has a large number of resources, it will prosper?

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year

Why has the free enterprise system been modified to include some government intervention?