An example of direct stock ownership is when a person
a. pays into a pension fund that buys stocks
b. puts money into an insurance company that buys stocks
c. invests money in a mutual fund that buys stocks
d. asks a stockbroker to buy stocks for him or her
e. puts funds into a trust fund that buys stocks
D
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How does the political system of a country affect its economic performance? a. The political state dictates what will be produced and how it will be produced for many LDC countries and the success of their economies depends upon the success ofthe political leaders in mobilizing the resources of the economies
b. Political revolution is creative in the same way that technological change is creative in the economic system, and these creativities spark the economy's economicperformance. c. The right to vote is equivalent to consumer sovereignty, which is the right to choose one's consumption and employment. d. Political honesty, such as one law for all, helps the poor and they are the backbone of an economy's production. e. Political stability is a prerequisite for long-term investment.
Upward mobility for those in poverty is
A. Not likely to happen at all because most people live in a caste system. B. More likely for people in poor nations than in rich nations. C. More likely for people in rich nations than in poor nations. D. Equally likely for people in rich nations and poor nations.