In contrast to the CAPM, the APT assumes that there can be several sources of ________ that cannot be eliminated through diversification
A) nonsystematic risk
B) systematic risk
C) credit risk
D) arbitrary risk
B
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Refer to Figure 21.2. If area A = 2,000, area B = 400, and area C = 2,600, what is the Gini coefficient for Urbania (rounded to two decimal places)?
A) 0.40 B) 0.43 C) 0.67 D) 0.77
A significant increase in the government budget deficit is likely to:
a) Reduce injections into the economy b) Reduce national income c) Move the economy away from full employment d) Boost aggregate demand
Suppose that consumers decide to walk to work more frequently and drive cars less. Companies that make walking shoes hire workers, while automobile companies lay off workers. This is an example of
a. frictional unemployment created by sectoral shifts. b. frictional unemployment created by efficiency wages. c. structural unemployment created by efficiency wages. d. structural unemployment created by sectoral shifts.
M2 is _______ M1
A. about five times as large as B. about one and a half times as large as C. a little smaller than D. about one third the size of E. about one eighth the size of