What is a risk measure?
a. Alpha
b. Required return on the market portfolio
c. Standard deviation of historical returns
c. Standard deviation of historical returns
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In a production possibilities frontier graph, the cost of producing more units of a good is measured by the
A) dollar value of the additional output. B) area in the arc between the PPF and a straight line drawn between the starting point and the ending point. C) dollar value of the resources used to produce the good. D) amount of the other good or service that must be forgone. E) None of the above answers is correct.
A large dam along the Tennessee River is a public good because ______.
a. it is excludable b. it is rival in consumption c. it belongs to the government d. it provides flood protection to everyone
Human capital is
A. the mental or physical skills people have. B. the money people have. C. the property people own. D. the machines people own.
Inside information
A) applies to proprietorships only. B) applies to proprietorships and partnerships only. C) applies to corporations only. D) applies to all forms of business.