A diversified portfolio only makes sense for large institutional investors, not for small investors
a. True
b. False
Indicate whether the statement is true or false
False
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One In the News article in the text titled "The Real March Madness: Ticket Prices " described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. When scalpers resell tickets at prices closer to equilibrium,
A. A market shortage is made larger, and the original sellers reap a profit. B. A market surplus is made smaller, and the scalpers reap a profit. C. A market shortage is made larger, and the scalpers reap a profit. D. A market shortage is made smaller, and the scalpers reap a profit.
In a closed economy, private saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
A) Y - C - T B) Y - G - T C) Y - G - T + TR D) Y + TR - C - T
A rational choice is one that:
A. does not involve self-interested behavior. B. allows individuals to reach their goals. C. is usually optimized when decision makers are poorly informed about alternatives. D. involves the use of strategic decision making in an effort to reach a goal.
Which of the following is NOT an example of an explicit cost?
A. The overtime wages paid to workers. B. The salaries paid to the managers who help run the business. C. The income the owner could have earned in his or her next best employment opportunity. D. The rent the owner pays each month to lease office space.