The decision to smoke cigarettes is subject to present bias because there is a temporal mismatch between ________ and ________.
A. the present benefit; the present cost
B. the present benefit; the future cost
C. the future benefit; the present cost
D. the future benefit; the future cost
Answer: B
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An economy in which government bureaucracy decides how much of a good to produce, how to produce the good, and who gets the good is known as a
A) centrally planned economy. B) market economy. C) mixed economy. D) laissez-faire economy.
The long-run supply curve is horizontal in a(n)
a. increasing-cost industry b. constant-cost industry c. decreasing-cost industry d. labor-intensive industry e. capital-intensive industry
Education and training are examples of investment in human capital.
Answer the following statement true (T) or false (F)
In order to avoid the misappropriation of company-owned financial investments, which of the following is the best course of action that can be taken by the management of a company with a large portfolio of financial investments?
A) Require that employees who enter and leave the safekeeping area sign and record in a log the exact reason for their access. B) Require that one trustworthy and bonded employee be responsible for access to the safekeeping area where securities are kept. C) Require that employees involved in the safekeeping function maintain a subsidiary control ledger for securities on a current basis. D) Require that the safekeeping function for securities be assigned to a securities broker who will act as a custodial agent.