The original objective of Social Security was
A) to provide retirement fund for all persons.
B) to prevent future depressions.
C) to raise the nation's saving rate.
D) a proper response to the stock market crash of 1929.
Answer: A
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Individual investors can reduce transactions costs by
A) buying common stock rather than bonds. B) combining their purchases through an intermediary. C) common stocks directly, rather than through a mutual fund. D) making loans directly, rather than depositing funds in a bank.
The Great Crash on the New York Stock Exchange occurred in ________
A) October 1929 B) July 1776 C) September 2001 D) March 1933
In the 1980s, it became increasingly common for consumers to sign two-year leases rather than buying the cars outright. As these leases expired, the supply of used cars expanded considerably. How would the addition of this large volume of off-lease cars influence the possibility of a lemons problem on the used-car market?
a. The lemons problem would be alleviated because off-lease cars tend to be put up for sale automatically, rather than being offered only when the seller obtains private information about the car's poor quality. b. The lemons problem would be worsened because used-car prices would fall in response to the glut of off-lease cars. c. The lemons problem would be worsened because, with more used cars, searching for the appropriate car would become much more difficult for buyers. d. Very little; the existence of off-lease cars has little to do with the lemons problem.
These two countries adopted reforms that liberalized their economies during the 1960s and they eventually became two of the world's freest economies. The two economies are
a. Russia and India. b. Nigeria and Zimbabwe c. Hong Kong and Singapore d. Brazil and Venezuela