You start with a portfolio valued at $500. Over the next twelve months it loses 40%; the following year it has a gain of 30%. At the end of two years your portfolio is worth:
A. $450.
B. $410.
C. $390.
D. $300.
Answer: C
You might also like to view...
Q: How many economists does it take to change a light bulb?
A: All. Because then you will generate employment, more consumption, moving the aggregate demand curve to the right. This joke represents the view of A) classical economists. B) economists who contend that money illusion never occurs. C) Keynesian economists. D) economists who conclude that wages and prices are very flexible.
If a farmer sells 15 bushels of barley a day for $6 a bushel, his total revenue is ______.
a. $2.5 b. $9 c. $21 d. $90
Explain how government intervention can improve economic efficiency in a market with a negatively externalize
Please provide the best answer for the statement.
In the market for French wines, an increase in demand is illustrated by:
A) a movement up the demand curve. B) a movement down the demand curve. C) a shift of the demand curve to the left. D) a shift of the demand curve to the right.