If a product is an inferior good, then its income elasticity of demand is

Refer to Scenario 3 . What is the maximum potential increase in coconut production and maximum potential increase in hut production described in the previous question?

What will be an ideal response?

All of the following are potential benefits of defined contribution plans EXCEPT:

A) clear ownership rights to the balances of their 401Ks B) lower risk for employees C) if the employee's investments are profitable, the employee can have high income during retirement D) contributions to traditional 401Ks are tax deductible