In a world with money and bonds only
A) it is not risky to hold money.
B) it is risky to hold money.
C) risk is an important factor in the demand for money.
D) there is no relationship between risk and holding money.
E) assets become meaningless.
B
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On January 2, 1971, all cigarette advertising was banned on U.S. television and radio stations. Did this ban likely increase or decrease the profits of cigarette companies in 1971? Briefly explain
What will be an ideal response?
The set of assets that a holder of wealth chooses to own is called
A) an asset assortment. B) a wealth strategy. C) a portfolio. D) an investment envelope.
In an efficient market, a scarce good generally has a ____ than a less-scarce good
a. higher price b. higher total utility to consumers c. more even distribution across income classes d. lower price in off-peak periods
Ginger bought a phone that came with a $10 rebate. Ginger should fill out and mail in the rebate form if:
A. Ginger's surplus from purchasing the phone was less than $10. B. the opportunity cost of the time and trouble of sending in the rebate form is more than $10. C. the opportunity cost of the time and trouble of sending in the rebate form is less than $10. D. she would have bought the phone without the rebate, and so sending in the rebate form involves no opportunity cost.