Rory receives, from an insurance company, a payment of $5,000 each year, and he will continue to receive these payments until he dies. This series of payments is called a(n)
a. portfolio.
b. bond.
c. dividend.
d. annuity.
d
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If Sam does not have a job and is NOT looking for work, he is considered
A) unemployed and not in the labor force. B) not in the labor force. C) unemployed. D) unemployed and in the labor force.
Excess capacity and inefficiency result under monopolistic competition
a. True b. False Indicate whether the statement is true or false
Each of the following are characteristics of a typical indifference curve map except
a. moving northeast to a new indifference curve will increase utility. b. points on the same indifference curve yield equal utility. c. the axes represent levels of utility for each of the goods. d. indifference curves cannot cross.
Rent-seeking increases monopoly profit but it also increases the deadweight loss from monopoly practices
Indicate whether the statement is true or false