Compared to the general population, millionaires are more likely to be
a. well-educated.
b. relatively old.
c. self-employed.
d. all of the above.
e. only b and c above.
D
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An increase in technology for producing personal computers leads to
A) an increase in the demand for personal computers. B) a decrease in the demand for personal computers. C) an increase in the supply of personal computers. D) a decrease in the supply of personal computers.
Any current outlay that is expected to yield a flow of benefits beyond one year in the future is:
a. a capital gain b. a wealth maximizing factor c. a capital expenditure d. a cost of capital e. a dividend reinvestment
Which of the following is an example of the Fed's use of unconventional monetary policy?
a. buying assets other than Treasury bills b. participating in rescue operations for troubled financial institutions c. lending massive amounts to banks and other financial institutions d. all of the above
Exhibit 21-4 Coffee and tea output (pounds per hour) CountryCoffee Tea Brazil10 5 China 8 8 As shown in Exhibit 21-4, if each country produced according to its comparative advantage, Brazil would produce:
A. tea and China would produce coffee. B. coffee and China would produce tea. C. both coffee and tea. D. neither coffee nor tea.