In investment matters, generally young workers compared to older workers will:

A. be more risk-averse.
B. be less risk-averse.
C. have equal concern for expected return and variability.
D. minimize expected return and focus more on variability.


Answer: B

Economics

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A. a conservative B. a liberal C. both a liberal and a conservative D. neither a liberal nor a conservative

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The short-run industry supply curve slopes up because

A) the firms eventually experience diseconomies of scale. B) the law of diminishing marginal product applies in the short run. C) wages increase as the industry increases output. D) the higher price is needed to get more firms to enter the industry.

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Suppose that the price elasticity of supply of cheese is 0.80. If the price of cheese rises by 20%, the quantity supplied will increase by 16%.

Answer the following statement true (T) or false (F)

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Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade agreements?

What will be an ideal response?

Economics