What is the standard deviation of the payoff from an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85?
A. $0
B. $2,581,875
C. $42.50
D. $1,606.82
D. $1,606.82
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On the graph above, if inflation is rising, while the quantity demanded and output are rising, the economy may be at a point on ________
A) the aggregate supply curve above the aggregate demand curve B) the aggregate supply curve below the aggregate demand curve C) the aggregate demand curve above the aggregate supply curve D) the aggregate demand curve below the aggregate supply curve E) none of the above
Which of the following is true concerning the national debt?
a. It equals the budget deficit. b. When the budget deficit is declining, the national debt will fall. c. A budget deficit will reduce the national debt. d. A budget surplus will reduce the national debt.
Imposing a minimum wage above the equilibrium wage:
A. makes some workers worse off. B. increases the size of the total wage bill. C. makes all workers better off. D. lowers labor costs.
Both buyers and sellers are price takers in a perfectly competitive market because
A) the price is determined by government intervention and dictated to buyers and sellers. B) each buyer and seller knows it is illegal to conspire to affect price. C) both buyers and sellers in a perfectly competitive market are concerned for the welfare of others. D) each buyer and seller is too small relative to others to independently affect the market price.