Related to the Economics in Practice on page 239: According to the Economics in Practice, there is evidence suggesting that parents who hold proportionately more equities in their investment portfolios have children
A. who are generally more risk averse.
B. who are generally less risk averse.
C. who invest similarly.
D. choose to not invest at all.
Answer: C
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A change in the discount rate is likely to occur
A) after a change in the Treasury bill rate. B) after a change in the Treasury bond rate. C) before a change in the federal funds rate. D) before a change in the inflation rate.
To incentivize a salaried manager at a company store to work harder, the management should
a. Offer the manager the franchise b. Offer the manager a raise c. Centralize all decision-making d. None of the above
If the exchange rate between the yen and the dollar changes from 100 yen = $1 to 110 yen = $1, then:
a. the dollar has depreciated in value. b. U.S.-made goods will become less expensive to Japanese citizens. c. the dollar has appreciated in value. d. Japanese-made goods will become more expensive to U.S. citizens. e. there will be an increase in the demand for dollars in the foreign exchange market.
A cost of living adjustment (COLA)
a. changes wages by the same percentage every year. b. decreases wages by the inflation rate. c. increases wages by the inflation rate. d. changes prices of consumer goods by the inflation rate.