Money-fixed assets include government bonds, corporate bonds, and certificates of deposit.
Answer the following statement true (T) or false (F)
True
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Experiments:
A. make it easier to determine whether people's choices are consistent with standard economic theory, but can make it harder to establish causality. B. often make it easier to establish causality, but can make it harder to determine whether people's choices are consistent with standard economic theory. C. make it easier both to establish causality and to determine whether people's choices are consistent with standard economic theory. D. make it harder both to establish causality and to determine whether people's choices are consistent with standard economic theory.
If two investments, X and Y, have the same expected return an individual investor would prefer:
a. the one with a higher standard deviation. b. the one with a higher mean. c. the one with a lower correlation coefficient. d. the one with a lower variance.
The distinguishing feature of the land market is that the
a. supply is highly inelastic. b. supply is highly elastic. c. demand is highly inelastic. d. demand is highly elastic.
The marginal benefit of pollution abatement is the
A) additional cost to clean up an additional unit of pollution. B) additional benefit from cleaning up an additional unit of pollution. C) total social costs of pollution clean-up divided by total social benefits. D) total social costs of pollution clean-up divided by the total units of clean-up.