Which of the following is NOT a financial asset?
A) a bond issued by Google
B) Wells Fargo Bank
C) a home mortgage loan
D) a certificate of deposit
B
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Social Security benefits have played an important role in the improved economic status of the elderly over time.
A. True B. False C. Uncertain
Unions have generally been far more successful in organizing and raising wages in skilled trades such as carpentry than in unskilled trades. Use the laws of derived demand to explain why
What will be an ideal response?
In the above table, the cross price elasticity of demand for good Z with good Y when PY rises from $15 to $18 is
A) -2.20. B) +2.20. C) +1.10. D) -1.10.
In his 1951 book, Social Choice and Individual Values, Kenneth Arrow used the term "unanimity" to mean
a. A beats B only if everyone prefers A to B. b. if everyone prefers A to B, then A beats B. c. if A beats B and B beats C, then A must best C. d. everyone who is eligible to vote must vote; otherwise, the outcome is invalid.