A bond and stock differ in that a stock is an IOU for a fixed amount and a bond is a portion of ownership
a. True
b. False
Indicate whether the statement is true or false
False
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The age-earnings cycle is an earnings profile of an individual throughout the person's lifetime. The profile shows that
A) earnings usually peak at age 25 and then decline. B) earnings gradually rise until they peak around age 50. C) earnings and age have no particular correlation. D) younger workers have the most productivity.
Which of the following items does not provide a store of value?
a. All of the answers are correct. b. Credit cards c. Currency d. Checkable deposits
A government can increase long-run economic growth by
a. discouraging saving. b. encouraging education and training of labor. c. increasing the taxation of capital. d. imposing restrictions on international trade. e. all of the above
Under the average-cost pricing policy, a regulated monopolist is guaranteed a normal economic profit even if there is a change in its cost of production.
Answer the following statement true (T) or false (F)