Microeconomics

Seat belts are not cost-effective highway safety devices because so ma

Seat belts are not cost-effective highway safety devices because so many of them must be installed and go unused that there cost is high. Indicate whether the statement is true or false   ANSWER F Seat belts are deemed one of the most cost-effective motor vehicle safety devices because they save lives at low cost. […]

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Date: September 9th, 2020

Workers covered by defined contribution pension plans retire at later

Workers covered by defined contribution pension plans retire at later ages than workers covered by defined benefit plans. Indicate whether the statement is true or false   ANSWER T Eighty percent of workers under defined benefit plans retire by age 65, but only 60 percent of workers under defined contribution plans do.  

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Date: September 9th, 2020

By increasing transaction speed, electronic trading in stock markets h

By increasing transaction speed, electronic trading in stock markets has affected the trade off between size of market€”which can reduce the search an investor must make to compare investments€”and transaction speed. Indicate whether the statement is true or false   ANSWER T This is one reason stock markets are merging, even across national boundaries.  

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Date: September 9th, 2020