An investor will diversify his portfolio to reduce risk
a. True
b. False
Indicate whether the statement is true or false
True
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The return to monopsony power refers to the
a. difference between the marginal revenue product and the wage rate of the last worker hired multiplied by the number of workers employed b. fact that the marginal cost of labor for a monopsony is lower than the wage rate c. wage rate minus the marginal revenue product d. higher marginal revenue product of labor that a worker produces under monopsony e. fact that a monopsonist can choose both the wage rate and the number of workers hired simultaneously
A Japanese automobile manufacturer building an auto plant in the United States creates a
a. supply of dollars and demand for yen in the foreign exchange market. b. demand for dollars and a supply of yen in the foreign exchange market. c. demand for both dollars and yen in the foreign exchange market. d. supply of both dollars and yen in the foreign exchange market.
The efficient amount of pollution control is:
A. always zero. B. the amount for which the marginal social benefit equals the marginal social cost of pollution. C. always a 100 percent abatement. D. the amount for which the total social benefit equals the total social cost of pollution.
Which of the following examples is characteristic of a perfectly competitive market?
a. The green beans grown in Oregon have a higher market price than the ones grown in California. b. Some of the green beans grown in Oregon are better than the ones grown in California. c. All the green beans grown in Oregon are better than the ones grown in California. d. The green beans grown in Oregon have the same quality as the ones grown in California.