Medicare and Social Security are similar in the following respects, except:
A. They are both "pay-as-you-go" plans
B. Their trust funds are both projected to be depleted within the next 30 years
C. Contributions are collected from both employers and employees
D. They are both intended to benefit older current workers
D. They are both intended to benefit older current workers
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The quantity of ________ by households will be less ________
A) saving; the higher is disposable income B) saving; the lower is the real interest rate C) consumption; the lower is the inflation rate D) consumption; the higher is disposable income
Happy Bagels sells its bagels for $6 each and the firm has a constant marginal cost of $4 per bagel, which is equal to its (constant) average total cost. If Happy Bagels does not sell a bagel the day it is produced, the bagel is sold as day-old for $2. If Happy Bagels is currently holding 50 bagels in inventory and the probability that Happy Bagels will sell 50 bagels or more is 0.40, which of
the following statements is true? A) To obtain the profit-maximizing, optimal level of inventory, Happy Bagels needs to double its inventory. B) To obtain the profit-maximizing, optimal level of inventory, Happy Bagels needs to increase its inventory. C) To obtain the profit-maximizing, optimal level of inventory, Happy Bagels needs to decrease its inventory. D) Happy Bagels is holding the profit-maximizing, optimal level of inventory.
If stocks are riskier than bonds, why would a rational investor ever buy stocks?
What will be an ideal response?
Someone who is risk-averse is likely to:
A. buy a government bond instead of a stock. B. invest in a start-up company instead of putting her money under her mattress. C. buy company stock instead of putting money in a savings account. D. All of these statements are true.