1. A local property tax, such as that used in the United States, is likely to:

A. decrease the return to saving in all uses.

B. cause a flow of investment among jurisdictions.

C. both cause a flow of investment among jurisdictions and decrease the return to saving in all uses.

D. increase investment in the economy.

2. The town of Oz has raised its property tax rates considerably above the national average. Other things being equal, capital is likely to flow into Oz in the long run because of the tax. T/F

3. Intangible personal property includes:

A. cash.

B. all of the answers

C. corporate bonds.

D. stock in companies.