The clothing industryis an example of monopolistic competition.

Answer the following statement true (T) or false (F)


True

Monopolistic competition is a market structure with many competitors selling differentiated products. Examples of monopolistic competition include the clothing industry and the restaurant business. See 2-3: Capitalism: The Free Market System

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______ oriented individuals are easily fooled by words and labels and as a result fail to inspect what the label represents.

Fill in the blank(s) with the appropriate word(s).

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______________ cultures consider who a person is in terms of his or her family lineage, age, or other attributes.

Fill in the blank(s) with the appropriate word(s).

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The average firm pays approximately what percentage of its payroll to provide benefits and services to employees?

a. 40 percent b. 80 percent c. 10 percent d. 20 percent e. 70 percent

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For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true?

A. The riskiness of the portfolio is greater than the riskiness of each of the stocks if each was held in isolation. B. The riskiness of the portfolio is the same as the riskiness of each stock if it was held in isolation. C. The beta of the portfolio is less than the weighted average of the betas of the individual stocks. D. The beta of the portfolio is equal to the weighted average of the betas of the individual stocks. E. The beta of the portfolio is larger than the weighted average of the betas of the individual stocks.

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