Diversification of assets cannot eliminate which kind of risk?
A. Idiosyncratic risk
B. Market risk
C. Individual risk
D. Downside risk
B. Market risk
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Refer to Figure 3.4. Serena's dominant strategy is to play ________ and Austin's dominant strategy is to play ________
A) North; North B) South; South C) North; South D) Neither Serena nor Austin has a dominant strategy.
There are very few gasoline stations in the downtown areas of large cities basically because
A) it would be too dangerous. B) it would be an inefficient use of land for the land's owners. C) most people don't want to buy gasoline while they are downtown. D) zoning laws prohibit it.
Discuss the theory of the ability-to-pay principle
What will be an ideal response?
How does total taxes as a percentage of GDP in the United States compare to those of Western European countries, such as the United Kingdom, Germany, and Sweden?
a. U.S. taxation is smaller. b. U.S. taxation is about the same. c. U.S. taxation is slightly larger. d. U.S. taxation is substantially larger.