In Keynes's liquidity preference framework, individuals are assumed to hold their wealth in two forms:
A) real assets and financial assets.
B) stocks and bonds.
C) money and bonds.
D) money and gold.
C
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Suppose someone offered you your choice of two equally risky annuities, each paying $5,000 per year for 5 years. One is an annuity due, while the other is a regular (or deferred) annuity
If you are a rational wealth maximizing investor, which annuity would you choose? A) The annuity due B) The deferred annuity C) Either one, because as the problem is set up, they have the same present value. D) Without information about the appropriate interest rate, we cannot find the value of the two annuities, hence we cannot tell which is better. E) The annuity due; however, if the payments on both were doubled to $10,000, the deferred annuity would be preferred.
John Harrington operates a business that almost always hires skilled workers who are college graduates; currently, however, his business does have a part-time opening for an unskilled worker. Harrington is considering hiring an uneducated welfare recipient instead of a student from the local university. Apply the "Guidelines for Analyzing a Contemplated Action" to this problem
The Sherman Act does not prohibit: A)a company from engaging in purposeful conduct to exclude competitors
B)a seller from dominating a market because of superior product or business. C)competitors from agreeing not to deal with certain buyers. D)contracts to fix prices.
Which country is ranked first in terms of e-government efficiency?
A. United states. B. Canada. C. Denmark. D. Australia.