The slope of the budget line that expresses the tradeoff between risk and return for an asset can be represented by
A) (Rf - Rm)/?m.
B) (Rm - Rf)/?m.
C) Rm - Rf.
D) b.
B
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When consumers act as price-takers, we say that they behave
A) cooperatively. B) competitively. C) monopsonistically. D) irrationally.
Social cost is the sum of private cost and
a. price b. quantity c. supply d. demand e. external cost
Suppose Canada and China can both produce cars and airplanes, and Canada has the comparative advantage in the production of airplanes while China has the comparative advantage in the production of cars. Also, suppose China has an absolute advantage in the production of both cars and airplanes. China should
Suppose a tax has been imposed in the graph. Which kind of tax is most likely demonstrated by this graph?
A. A tax on big corporations B. A tax on sellers C. A tax on buyers D. None of these is true.