The biggest difference between mutual funds and life insurance policies is:
A. one is considered savings, and the other is an investment.
B. one is a savings plan, and one allows you to reduce your risk.
C. when you can have access to your contributions.
D. when you are required to contribute to them.
Answer: C
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The short run is that period during which there are no fixed commitments.
Answer the following statement true (T) or false (F)
Education and training are ways to build:
A. human capital. B. physical capital. C. technological capital. D. All of these could be true.
If the marginal cost of producing the tenth unit of output is $3, and if the average total cost of producing the tenth unit of output is $2, then at ten units of output, average total cost is rising
a. True b. False Indicate whether the statement is true or false
What is one significant characteristic of fractional reserve banking?
A. Banks hold a fraction of their loans in reserve B. Banks use deposit insurance for loans to customers C. Bank loans will be equal to the amount of gold on deposit D. Banks can create money through lending their reserves