Kurt decided to increase the number of stocks in his portfolio. In doing so, Kurt reduced
a. both the firm-specific risk and the market risk of his portfolio.
b. the firm-specific risk, but not the market risk of his portfolio.
c. the market risk, but not the firm-specific risk of his portfolio.
d. neither the market risk nor the firm-specific risk of his portfolio.
b
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What is the difference between explicit costs and implicit costs? List three examples each of explicit costs and implicit costs that may be experienced by a small business
What will be an ideal response?
When two or more nations engage in an exchange of goods, this is known as
a. international trade. b. interstate commerce. c. free trade. d. intrastate commerce. e. outsourcing.
Income inequality is
A. Often greatest in the poorest countries. B. An issue because households in the lowest quintile receive more than their share of income. C. Often greatest in the richest countries. D. Not an issue in the United States because of the redistribution of income through the federal tax system.
According to Keynesians, an increase in the money supply will have its least impact on GDP when the aggregate demand curve intersects:
A. the horizontal portion of the aggregate supply curve. B. the vertical portion of the aggregate supply curve. C. the upward sloping portion of the aggregate supply curve. D. either the horizontal or upward sloping portion of the aggregate supply curve.