Mutual funds that are composed of corporate and government bonds are known as:
a. risk-adjusted funds.
b. global funds.
c. equity funds.
d. fixed-income funds.
e. money market funds.
d
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One reason why the price elasticity of demand for cigarettes is large for young smokers is that
a. they have large discretionary incomes b. the price of cigarettes increased recently c. they are no longer permitted to smoke in public d. cigarette advertising on television has been banned e. the proportion of income a young smoker spends on cigarettes is usually quite large
The most-favored-nation clause was created in the
a. Trade Expansion Act of 1962. b. Marshall Plan. c. Reciprocal Trade Agreements Act of 1934. d. Canadian-American Trade Act.
Each Federal Reserve Note bears a seal placed to the left of George Washington on the $1 bill that identifies the
a. discount rate b. legal reserve requirement c. federal funds rate d. value of M1 e. District Bank that issued it
In Macronesia, the MPC is approximately .80 . If disposable income changes from 1,000 billion pukas to 1,500 billion pukas, then consumption will change by a(n)
a. decrease of 500 billion pukas. b. increase of 500 billion pukas. c. increase of 400 billion pukas. d. increase of 800 billion pukas.