Which of the following improves a person’s ability to accumulate wealth?
a. Starting to save money early in life
b. Investing in real estate
c. Applying the random walk theory
d. Graduating from high school
a. Starting to save money early in life
You might also like to view...
An industry with only three large equally-sized firms would have the same four firm concentration ratio but a higher Herfindahl-Hirshman Index compared to an industry with only four equally sized firms
a. True b. False Indicate whether the statement is true or false
A natural monopoly
a. typically arises because of a patent or copyright b. is a firm that, due to economies of scale, can serve a market at lower average cost than two or more firm could c. is a Pareto improvement as compared to a perfectly competitive market d. enjoys diseconomies of scale, so average total cost falls as more output is produced e. enjoys economies of scale, so average total cost rises as more output is produced
During a period of economic depression, such as has existed for a long period in Japan, a profit-oriented bank will act in such a way that
a. dampens the fluctuations. b. makes the depression worse. c. is neutral with respect to the fluctuations. d. is counter-cyclical and stabilizing.
Stephanie has just placed an order for the latest video after she received a personalized e-mail. The e-mail is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.