A saver can eliminate _______ risk through ________________.
A. systemic; diversification
B. idiosyncratic; diversification
C. systemic; asset valuation
D. idiosyncratic; asset valuation
B. idiosyncratic; diversification
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How is the writer of an option affected by changes in its stock price?
The total production within an economy is measured as
A) Total Domestic Output. B) Total Annual Output. C) Annual Production Value. D) Gross Domestic Product. E) Gross Home Product.
Which of the following is likely to occur when it is known that a two-person game is to be played only once?
a. Collusion b. The demand curve becomes perfectly inelastic for this time period c. The prisoner's dilemma d. The pursuit of profit maximization for the entire industry e. An attempt to equate marginal revenue with marginal cost
Economic cost can best be defined as:
A. all costs exclusive of payments to fixed factors of production. B. any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. C. any contractual obligation to labor or material suppliers. D. compensations that must be received by resource owners to ensure their continued supply.