Related to the Economics in Practice on P

question 55

Multiple Choice

Related to the Economics in Practice on p. 146: Early results from the Save More Tomorrow retirement plans have shown ________ in the savings rates of the enrolled.

• A) very little change
• B) mixed results
• C) significant decreases
• D) dramatic increases

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Definitions:

Unrealized

Referring to profits or losses that have occurred on paper due to changes in the value of assets or investments but have not been actualized through a sale or transaction.

Intercompany Profits

Earnings generated from transactions between divisions or subsidiaries within the same corporation, which may be eliminated in consolidated financial statements.

Inventory

The items a business holds for the main purpose of resale or the raw materials used to produce goods for sale.

Management Fees

Fees charged by managers for the operation, management, or administration of a property, fund, or project.