Given two investments P and Q, with the former having a mean 0.7 and variance 0.17 and the latter having a mean 0.7 and a variance 0.03, a risk-preferrer will be indifferent between the two
Indicate whether the statement is true or false
F
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The marginal social cost of production is the
A) marginal private cost plus the marginal external cost. B) same as the marginal cost of any externality. C) total cost of any externality. D) marginal private cost minus the marginal external cost.
For the recessions in the United States since the 1950s,
A) unemployment falls on average by 2 percentage points during the 12 months after a recession begins. B) unemployment rises on average about 5 percentage points during the 12 months after a recession begins. C) cyclical unemployment has been non-existent. D) unemployment rises on average by about 1.2 percentage points during the 12 months after a recession begins.
The main effect of an increase in capital stock is a(n):
a. rightward shift of the long-run aggregate supply curve. b. rightward shift of the aggregate demand curve c. leftward shift of the long-run aggregate supply curve. d. leftward shift of the aggregate demand curve. e. increase in price and output levels.
A good that a person can be prevented from consuming is referred to as a(n) _____ good
a. non-excludable b. excludable c. rival d. non-rival