Ted Washington Is Single and 25

question 81

Multiple Choice

Ted Washington is single and 25.He recently graduated from college and has a job making $40,000 a year.Which one of the following investments would you recommend for his investment program?

• A) corporate bonds
• B) government bonds
• C) growth stocks
• D) commodities, such as oil
• E) certificates of deposit (CDs)

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Definitions:

Fully And Efficiently

A condition where resources are allocated in a way that maximizes productivity and minimizes waste or inefficiency.

Division Of Labor

Allocating distinct sections of a manufacturing operation or duty to various people to boost efficiency.

Assembly Process

The stage in manufacturing where components are put together to create a final product.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs, including resources and technology.