Given their skills and education, steelworkers earn higher incomes than they would in other occupations. This is partly because:
A. steel workers face a higher risk of getting injured or killed.
B. it is costly to acquire skills necessary for jobs at steel mills.
C. few people have skills and knowledge required for jobs at steel mils.
D. All of these
Answer: A
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A depression is a particularly severe and protracted recession
Indicate whether the statement is true or false
The more profits are reinvested into the firm, the
A) less there is available to distribute to bondholders. B) less there is available to distribute to stockholders. C) more the firm will be able to raise in sales of new issues to stock. D) more bonds the firm will sell in order to pay their required dividends to preferred stockholders.
Which of the following is an example of double counting in regards to GDP?
a. counting the value of two products often bought together, such as chips and dip b. counting the value of sweaters that are inferior quality c. counting the value of plastic used to make model kits as well as the final kit itself d. counting the value of products that have two or more components such a TV with a remote control
Consider the following two investments. One is a risk-free investment with a $100 return. The other investment pays $2,000 20% of the time and a $375 loss the rest of the time. Based on this information, answer the following: (i) Compute the expected returns and standard deviations on these two investments individually. (ii) Compute the value at risk for each investment. (iii) Which investment will risk-averse investors prefer, if either? Which investment will risk- neutral investors prefer, if either?
What will be an ideal response?