Mutual funds, pension plans, and life insurance policies:
A. are all forms of savings.
B. all entrust a professional to decide which financial assets are the best for the saver to hold.
C. differ regarding when you can have access to the asset's worth.
D. All of these are true.
Answer: D
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In the United States, the poorest 20 percent of households receive about ________ percent of total income
A) 15 B) 20 C) 3 D) 49 E) 23
_____ a cornerstone of the market economy
a. Mutually beneficial exchange is b. A strong central bank c. Monopoly rents are d. Government regulation is
The big labels in the music industry, such as Sony, Time-Warner, and Universal, are churning out thousands of CD albums each year that compete against each other for your dollar. But, considering the CD industry only, they also compete against
a. records b. cassette tapes c. used CDs d. stereos e. used textbooks
Subsidizing coal mining and orange growing have both been found to be economically inefficient in that the costs outweigh the benefits. However, a subsidy on coal mining would help the coal producers in West Virginia and a subsidy on orange growing would help the orange farmers in Florida. So the senator from West Virginia approaches the senator from Florida and says that he will vote for the
orange subsidy if the Florida senator votes for the coal-mining subsidy. The Florida senator agrees. Which term best describes what just happened? a. the shortsightedness effect b. logrolling c. the use of user charges d. the political voter theory