Which of the following statements is false?
A. Pension plans and life insurance are often both offered by the same institution.
B. They are both vehicles for saving.
C. Life insurance pays off when you die while the pension plan pays off if you don't.
D. Life insurance companies hold more in stocks than pension funds do.
Answer: D
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When plasma television sets were first introduced prices were high and few firms were in the market. Later, economic profits attracted new firms and the price of plasma televisions fell. This example illustrates
A) that consumers receive this new technology "free of charge" in the sense that they only have to pay a price for plasma televisions equal to the lowest production cost. B) a decreasing-cost industry. C) an industry with a low minimum efficient scale. D) how fickle consumer demands are.
When tax code changes reduce saving incentives, the interest rate will _____ and investment will _____
Fill in the blank(s) with correct word
In the figure above, points U, V. Y, and Z show
A) an inefficient allocation of societies scarce resources. B) possible combinations of televisions and personal computers. C) a constant trade—off between televisions and personal computers. D) society prefers more televisions than computers.
When there is a negative entry for unilateral transfers in the balance of payments, it means that
A. there must be an offsetting positive sign in the financial account. B. U.S. residents gave more to foreign residents than foreign residents gave to U.S. residents. C. U.S. residents purchased more services from foreign countries than foreign countries purchased from U.S. residents. D. U.S. residents purchased less services from foreign countries than foreign countries purchased from U.S. residents.