Exam3(part1) - Quest ion 1 1 out of 1 points Individual...

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Quest ion 1 1 out of 1 points Individual retirement accounts (IRAs) can accumulate money that’s tax free until the investor retires. Selected Answer: Correct Answer: Feedback : (10-17) p. 257
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Questio n 2 1 out of 1 points The principle of comparative advantage explains why France can produce white wine at a lower opportunity cost than the neighboring country of Germany. Selected Answer: Correct Answer: Feedback: (8-7) p. 198 Questio n 3 1 out of 1 points If a product survives the growth stage, it will probably remain in the maturity stage for a long time. Selected Answer: Correct Answer: Feedback : (7-113) p. 183 Questio n 4 1 out of 1 points The rate of interest that the Fed charges member banks is called the market rate . Selected Answer: Correct Answer: Feedback : (10-42) p. 259 Questio n 5 1 out of 1 points In economic terms, “balance of payments” refers to the difference between a country’s total outflows and inflows of money over a period of time. Selected Answer:
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This note was uploaded on 02/10/2011 for the course BUSINESS 100 taught by Professor Notsure during the Spring '07 term at Edmonds Community College.

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Exam3(part1) - Quest ion 1 1 out of 1 points Individual...

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