Which type of investor is most likely to have a diversified portfolio?
A) risk averse
B) risk loving
C) risk neutral
D) risk tolerant
A
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The table above shows Tom's total utility from milkshakes and sodas. A milkshake costs $2.00. What is the marginal utility per dollar spent when the eighth milkshake is purchased?
A) 32 units per dollar B) 20 units per dollar C) 16 units per dollar D) 10 units per dollar
Explain how low-skilled workers might actually be made worse off from a minimum wage law in terms of working conditions and job training. In addition, what might be the long-run impact on wages and earnings?
What will be an ideal response?
A pure private good is such that
A. exclusivity holds, but rivalry does not. B. neither rivalry nor exclusivity hold. C. both rivalry and exclusivity hold. D. rivalry holds, but exclusivity does not.
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A