What is TRUE about estate planning? a) It is better to wait until you are over the age of 30 to begin planning.
b) It helps ensure your possessions are distributed appropriately.
c) The best time to start planning is when you are suffering from a long-term illness.
d) It usually increases the cost of settling an estate.

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

In 1948, the president of the united states earned a salary of $75,000. in 2000, the president earned a salary of $400,000. knowing that the cpi for 1948 is 24.1 and the cpi for 2000 is 172.2, convert the 1948 salary to constant 2000 dollars. when comparing constant dollar amounts, whose salary was worth more--harry truman, president in 1948, or bill clinton, president in 2000

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit