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OPTION: A contract that gives the buyer an "option" to complete a transaction within a given time period. Options are used frequently in financial markets.

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TAXATION PRINCIPLES

Taxes are the mandatory payments made by members of society to governments to finance government operations. The study of public finance identifies several key principles of taxation -- tax effects (revenue and allocation), tax proportionality (proportional, progressive, and regressive), tax payments (benefit and ability-to-pay), tax equity (horizontal and vertical).

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APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time at a crowded estate auction hoping to buy either a how-to book on meeting people or clothing for your pet iguana. Be on the lookout for celebrities who speak directly to you through your television.
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This isn't me! What am I?

A half gallon milk jug holds about $50 in pennies.
"Kites rise highest against the wind, not with it. "

-- Winston Churchill, British prime minister

AER
American Economic Review
A PEDestrian's Guide
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