New technological advancements, such as robots are
a. harmful because they put people out of work.
b. helpful because they improve worker productivity.
c. harmful because robots are likely to have electrical problems which could cause injuries to people.
d. both a and c above.
B
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Jim's Nursery produces and sells $1100 worth of flowers. Jim uses no intermediate inputs. He pays his workers $700 in wages, pays $100 in taxes and pays $200 in interest on a loan. Jim's contribution to GDP is
A) $900. B) $1000. C) $1100. D) $1800.
The equity market is said to be an efficient market because it is difficult for an investor to continually earn above-normal profits
a. True b. False Indicate whether the statement is true or false
Vertical mergers occur between firms in the same industry
Indicate whether the statement is true or false
Which of the following is true concerning IRA's, 401(k) and 403(b) plans?
a. Not everyone is eligible to put funds into them. b. There are restrictions on the amount of funds that can be put into them. c. Except under unusual circumstances, there are penalties for withdrawals before retirement. d. All of the above are correct.