If two events are perfectly positively correlated, then
A) diversification is not necessary since there is no risk.
B) diversification eliminates all risk.
C) diversification does not reduce risk at all.
D) diversification only cuts the risk in half.
C
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From 1948 to 2011, the average unemployment rate in the United States was approximately
A) 9.6 percent. B) 24.4 percent. C) 5.8 percent. D) 12.0 percent. E) 3.1 percent.
Since World War II, the Federal Reserve has not been involved in carrying out monetary policy
Indicate whether the statement is true or false
A natural monopoly has _________, but will __________ if left unregulated
a. exclusive access to a natural resource; price competitively b. exclusive access to a natural resource; not maximize profit c. low average total cost; have high marginal costs d. low average total cost; charge a high price e. low average total cost; undercut its competitors
The output per acre on U.S. farms has
a. remained fairly stagnant since 1968 b. increased only slightly since 1968 c. declined dramatically since the late 1970s d. more than doubled since World War II e. shown a marked decline in recent years