A mutual life insurance company is owned and controlled by its
A) partners.
B) managers.
C) stockholders.
D) policyholders.
D
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For all points above the 45-degree line, planned aggregate expenditure will be less than GDP
Indicate whether the statement is true or false
Personalized advertising that uses postal mailings, phone calls, and e-mail messages is known as
A) direct marketing. B) mass marketing. C) indirect marketing. D) interactive marketing.
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
A. 1/3 of a cappuccino. B. 6 cappuccinos. C. 9 cappuccinos. D. 3 cappuccinos.
Daniel’s Designer Drapes sells its standard curtain sets for $100. The government has just imposed a new tax on Daniel’s products. Which of the following would most likely be the price for a standard curtain set after this tax takes effect?
a. $50 b. $99 c. $100 d. $110