The higher the insurance coverage, the ________ the policyholder can gain from risky activities that make an insurance payoff ________ likely
A) more; less
B) more; more
C) less; less
D) less; more
B
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In macroeconomics, the long run is determined by:
A. how long it takes for prices of inputs to adjust through the whole economy. B. how long it takes for firms to vary all input quantities. C. the longest contract length of a business. D. how long it takes for output decisions to adjust to changes in economic conditions.
Consider a portfolio with three stocks, each with the same value. The three stocks have standard deviations of 20%, 40%, and 90%. The standard deviation of this portfolio is
a. no greater than 50%. b. less than 20%. c. exactly 40%. d. more than 90%.
Refer to the information provided in Table 6.3 below to answer the question(s) that follow. Table 6.3Dozens of Oysters per DayTotal UtilityMarginal Utility160?2104?3134?4152?5?8Number ofBeers per DayTotal UtilityMarginal Utility140?270?394?4114?5?14Refer to Table 6.3. The marginal utility of the third dozen oysters per day is
A. 10. B. 30. C. 44. D. 134.
The farm employment in the United States amounted to about what percentage of the total employment in 2009?
A. Less than 2 percent B. About 8 percent C. About 15 percent D. Close to 20 percent