Empirical evidence indicates that security returns have
A) greater probability of exceeding expected value yields.
B) greater probability of yielding below expected value returns.
C) a symmetrical probability distribution.
D) a probability distribution that cannot be measured.
C
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If the demand for baseballs falls and all other relevant factors remain unchanged, then,
a. the supply for baseballs will fall. b. the quantity supplied of baseballs will fall. c. the supply for baseballs will rise. d. the quantity supplied of baseballs will rise.
The above table gives the demand and supply schedules for Blu-ray discs. If the price of a Blu-ray disc is $8, there is a ________ and the price of a compact disc will ________
A) shortage; rise B) shortage; fall C) surplus; rise D) surplus; fall
Which of the following is a good example of a trade-off?
A) The government pleases environmental
activists by preserving public lands but also
pleases ranchers by allowing them to rent
public lands for grazing purposes.
B) The government pleases environmental activists
by reintroducing wolves to Yellowstone
National Park but angers ranchers by placing
their cattle in danger.
C) The government pleases oil companies by
allowing them to drill on lands set aside for
conservation but allows environmental activist
groups to protest the drilling operations.
D) Groups that represent a variety of conflicting
interests are all allowed to protest outside
Congress and the White House.
Explain why the shape of the demand curve will determine how a shock to the market equilibrium affects price and quantity
What will be an ideal response?