Risk averse people
A) will never hold bonds denominated in several different currencies because of transaction costs.
B) will always hold bonds denominated in several different currencies because of transaction costs.
C) may hold bonds denominated in several different currencies.
D) may hold bonds denominated in several different currencies only if satisfying the well known interest party condition.
E) will hold only domestic bonds because of the home bias effect.
C
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The evidence shows that in 1860–1910
(a) population and annual hours worked grew more rapidly than did the employed labor force. (b) population grew more rapidly than the labor force, but annual hours worked grew less rapidly. (c) population grew less rapidly than did the employed labor force, and the work day shortened. (d) population, productivity and the work day grew less rapidly than did the employed labor force.
Which of the following is the most volatile component of private investment?
a. Plant and equipment purchases b. New home construction c. Purchases of services d. Changes in business inventories e. Consumption of nondurables
Products sold by monopolistically competitive firms are perfect substitutes of each other
a. True b. False Indicate whether the statement is true or false
The advertisement approach that allows a consumer to follow up directly to an advertising message is known as
A) direct marketing. B) mass marketing. C) indirect marketing. D) interactive marketing.