Consider a portfolio that consists of all of the risky assets in the economy, held in proportion to their existing quantities. This portfolio is
a. a risk-free asset.
b. the only asset that a risk-averse investor chooses to hold.
c. a market portfolio.
d. in the center of the set of all risky assets.
c. a market portfolio.
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Regarding the privilege of incorporation (the right to organize an enterprise in the corporate form), all of the following are true except
(a) It gives a business firm limited liability, perpetual life and the rights of a citizen. (b) It is not provided for directly by the Constitution because, apart from state governments, the Constitution made no provisions for groups. (c) It is provided for at all levels of government—federal, state and local. (d) There is no "except"; all of the above are true.
The demand for U.S. produced packaged food products in foreign countries is expected to
A) grow. B) slow down. C) remain constant. D) fluctuate.
Your local farmer has many competitors and exists in a market structure known as perfect competition
This means that price is determined outside of the individual farmer's ability to charge a price higher than the going market for a bushel of wheat, hence the farmer is A) a price maker and can therefore charge different customers different prices. B) always able to price produce above the competition and earn a larger profit. C) never able to determine any prices he charges for anything, such as soybeans. D) a price taker and cannot affect the market price of wheat.
The numerical value of the slope of a line depends in part on the units of measurement used
a. True b. False