A Retirement Account Specifically Designed for Self-Employed Persons Is a

question 24

Multiple Choice

A retirement account specifically designed for self-employed persons is a

• A)Roth IRA.
• B)traditional IRA.
• C)Keogh.
• D)Penny Benny.
• E)public pension plan.

---

Definitions:

Grain Surplus

An excess amount of grain production over the demand, leading to stored or wasted grain.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Price Floor

A government-set minimum price that can be charged for goods and services, aimed at protecting producers.

Equilibrium Price

The price at which the quantity of goods supplied matches the quantity of goods demanded.