Which of the Following Statements Is Not True Regarding Individual

question 51

Multiple Choice

Which of the following statements is not true regarding individual investors?

• A) They commonly invest a portion of the money earned from their jobs.
• B) They invest in stocks to earn a reasonable return on their investments.
• C) They expect their money to grow by the time they wish to use it to make purchases.
• D) The percentage of individual Americans who own stocks has increased since the financial crisis of 2008-2009.

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Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price.

Marginal Cost

The increase in cost that arises from the production of one additional unit of a good or service.

Urban Professionals

A group of highly educated workers who typically work in professions found in urban centers, such as finance, law, and technology.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.