Evidence that most investors are risk averse is that they
A) buy a diversified portfolio.
B) buy different bonds with the same yield and maturity.
C) put most of their funds in one company's stock.
D) like to gamble.
A
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Which of these instances would constitute labor-market discrimination? Courtney and Nicole are identical in all of their labor-market characteristics except that Courtney earns a higher salary than Nicole because
a. Courtney is beautiful and Nicole is not. b. Courtney is 40 years old and Nicole is 60 years old. c. Courtney works the night shift and Nicole works the day shift. d. Courtney attended on the job-training seminars which allows her to do tasks Nicole is not qualified for.
The job market for which group always seems to have higher unemployment than the labor force as a whole? Why?
What will be an ideal response?
Suppose there are three power-generating plants, each of which has access to 5 different production processes. The table below summarizes the cost of each production process and the corresponding number of tons of smoke emitted each. Process(smoke/day) A(4 tons/day) B(3 tons/day) C(2 tons/day) D(1 ton/day) E(0 tons/day) Cost to Firm X ($/day) $500$514$530$555$585 Cost to Firm Y ($/day) $400$420$445$480 $520Cost to Firm z ($/day) $300$325$360$400 $550The least costly way of lowering smoke emissions from 12 tons to 9 tons per day would be for:
A. Firm X to emit 1 ton, Firm Y to emit 4 tons and Firm Z to emit 4 tons. B. each firm to reduce emissions by 1 ton, emitting 3 tons each. C. Firm X to emit 2 tons, Firm Y to emit 3 tons and Firm Z to emit 4 tons. D. Firm X to emit 4 tons, Firm Y to emit 3 tons and Firm Z to emit 2 tons.
A conditional statement such as if event A occurs, then event B follows is an example of normative economics
a. True b. False Indicate whether the statement is true or false