A portfolio of a range of stocks, bonds, and other investments helps an investor reduce the risk of investment.
Answer the following statement true (T) or false (F)
True
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A tax structure is progressive as long as a person who has more income pays
A. the same rate of tax than someone who has less income. B. a higher rate of tax than someone who has less income. C. the same tax than someone who has less income. D. more tax than someone who has less income.
A consumer possesses five pounds of bananas and values their total utility at $2.14. If one additional pound is acquired and marginal utility is 11 cents, total utility will
A. rise to $2.25. B. fall to $2.03. C. stay the same. D. fall to $2.11.
Retailers do not find it profitable to engage in promotional activities because
a. They reap the full benefits of the promotion b. They do not have to share the benefits of the promotion with the manufacturer c. They are wary of competing retailers' ability to "free ride" on their efforts d. All of the above
The Medicare pay-as-you-go system is jeopardized by:
a. the changing demographics of the U.S. population with an increasing percentage over the age of 65. b. an overly generous fee schedule that pays physicians more than private insurance for most procedures. c. the rising costs of long-term care. d. allowing physicians to balance bill their patients. e. a reliance on the premiums paid by the elderly themselves to fund a majority of the total cost of the system.