State whether you agree or disagree with the following statements:
a. If stock market prices go up, the economy is richer.
b. A real asset worth $1 million is more valuable to an individual than a financial asset worth $1 million.
c. Financial assets have no value to society since each has a corresponding liability.
d. The United States has much more land than does Japan. Therefore, the value of all U.S. land should significantly exceed the value of land in Japan.
e. U.S. GDP exceeds Japan's GDP; therefore, the stock market valuation of U.S.-based companies should exceed that of Japan-based companies.