Independent workers face difficulties in arriving at choices for all of the following reasons, EXCEPT:
a. difference in investment responsibilities for their equipment.
b. difference in attitudes toward risk.
c. difference of opinion regarding a new strategy's probability of success.
d. difference in their transaction costs.
D
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The federal government ran a budget deficit of approximately $1.3 trillion in 2011
Indicate whether the statement is true or false
An $8,000 coupon bond with a $400 coupon payment every year has a coupon rate of
A) 5 percent. B) 8 percent. C) 10 percent. D) 40 percent.
An accounting identity
A) ensures that all balances will be in equilibrium. B) is useless in analyzing balance of payments since one cannot tell from the identity whether an equilibrium exists or not. C) ensures a balance but does not ensure an equilibrium. D) applies only to plans of economic agents and not to their actual actions.
When the Lorenz curve lies above the diagonal,
a. the poorest 20 percent of the population receives more than 20 percent of income b. the richest 20 percent of the population receives more than 20 percent of income c. every quintile receives identical incomes d. it indicates that total income has increased even though the distribution of income remains unchanged e. it is incorrectly drawn because no Lorenz curve can lie above the diagonal