Investment in a broad portfolio of stocks is most attractive for
A) short-term investors.
B) long-term investors.
C) investors seeking a fixed rate of return.
D) investors who will need the funds for other purposes in about 10 years.
B) long-term investors.
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This agency regulates workplace safety and health conditions
A) Environmental Protection Agency B) Consumer Product Safety Commission C) Equal Employment Opportunity Commission D) Occupational Safety and Health Administration
An ideal pollution control policy: a. would reduce pollution to zero
b. would reduce pollution to the socially efficient level. c. discourage firms from wasting time developing abatement technologies. d. reduce pollution as quickly as possible, regardless of the cost.
The classical economists believed in all of the following EXCEPT
A. wages and prices are flexible downward. B. insufficient aggregate demand could keep an economy in a depression for an extended period of time. C. recessions were temporary because the economy is self-correcting. D. laissez faire was the best policy a government could pursue.
Assuming a market interest rate of 6 percent per year, what is the present value of $5,000 payable at the end of three years?
A) $4,717 B) $4,450 C) $4,198 D) $4,317