Exchanges between producers and consumers are more difficult in an advanced economy because of
A. separation in time.
B. separation of information.
C. separation in values.
D. spatial separation.
E. All these answers are correct.
Answer: E
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Products that have been completed and are ready for sale at the end of the accounting period are known as costs of goods sold
a. True b. False Indicate whether the statement is true or false
The person who phoned Howard last night to ask him if he might be interested in adding HBO and Cinemax to his current television cable system would be classified as a(n):
A. order-taker. B. account representative. C. retail salesperson. D. sales engineer. E. detail salesperson.
A credit balance in the account Market Adjustment--Trading Securities at the end of a year should be interpreted as the net
a. realized holding loss to date. b. unrealized holding loss to date. c. realized holding loss for that year. d. unrealized holding loss for that year.
Ann has a portfolio of 20 average stocks, and Tom has a portfolio of 2 average stocks. Assuming the market is in equilibrium, which of the following statements is CORRECT?
A. The required return on Ann's portfolio will be lower than that on Tom's portfolio because Ann's portfolio will have less total risk. B. Tom's portfolio will have more diversifiable risk, the same market risk, and thus more total risk than Ann's portfolio, but the required (and expected) returns will be the same on both portfolios. C. If the two portfolios have the same beta, their required returns will be the same, but Ann's portfolio will have less market risk than Tom's. D. The expected return on Jane's portfolio must be lower than the expected return on Dick's portfolio because Jane is more diversified. E. Ann's portfolio will have less diversifiable risk and also less market risk than Tom's portfolio.