The Security Market line (SML) shows how the average expected rates of return on assets vary with:
A. Stock price
B. Dividend payment
C. Risk level
D. Time preference
C. Risk level
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The marginal tax rate can be calculated by which of the following formulas?
A) the change in taxes due divided by the change in taxable income B) the change in taxable income divided by the change in taxes due C) total taxes due divided by total taxable income D) total taxable income divided by total taxes due
Bitcoin is a:
a. Virtual currency that keeps track of owners and users by means of a clearing house called Mt. Gox. b. Virtual currency that publishes all Bitcoin-related domestic transactions online but keeps its international transactions confidential. c. Is a virtual currency that publishes online the details of all its customers' transactions but manages to keep customer anonymity by not publishing facts pertaining to their addresses? d. Physicalcurrency that has grown in popularity because it does not need to be cleared, thereby making these transactions anonymous.
Which of the following is typically not classified as a monopolistically competitive industry?
A. Restaurants and fast food chains B. Grocery stores C. Gas stations D. All of these choices are typically monopolistic competitors.
Distinguish between scarcity and shortage.
What will be an ideal response?