Compared to other investments such as bonds, historically a diverse set of stocks held over a lengthy time period (for example, 30 or 40 years) has yielded a
a. low average real rate of return, and the variation in that return has been extremely high.
b. high average real rate of return, and the variation in that return has been relatively small.
c. low average real rate of return, and the variation in that return has been relatively small.
d. high average real rate of return, and the variation in that return has been extremely high.
B
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In 2010 the family mean income of householders aged 15-24 years was approximately
A) $11,000. B) $21,000. C) $31,000. D) $41,000. E) $51,000.
A good way to encourage agricultural production is to
a. encourage farmers to work harder b. subsidize input prices for farmers c. permit farm prices to rise with increasing demand d. create a monopoly firm to buy all farm output e. all of the above
Tax shifting
a. is the process by which buyers pass a tax onto sellers b. is the process that causes some of a tax collected by one side of a market to be paid by the other side c. is the process of avoiding taxes and lowering a tax burden d. is a way of avoiding payment of a tax e. is illegal in the United States
When the government imposes taxes on buyers and sellers of a good, society loses some of the benefits of market efficiency
a. True b. False Indicate whether the statement is true or false