Nervous Norman holds 70% of his assets in cash, earning 0%, and 30% of his assets in an insured savings account, earning 2%. The expected return on his portfolio
A) is 0%.
B) is 0.6%
C) is 1%.
D) is 2%.
E) cannot be determined without knowing what the dollar value of his assets is.
B
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What will be an ideal response?
One claim that trade barrier proponents use to enforce environmental standards is that
A) environmental standards do not reduce industrial competitiveness and do not induce race-to-the-bottom, where countries are forced to rescind their standards in order to maintain employment. B) high standards in industrialized nations motivates some firms to "export pollution" to developing countries by relocating their dirty industries. C) enforcing environmental standards is essential, as there are no differences between labor standards and environmental standards. D) all environmental impacts are non-transboundary.
The price of oil falls.
Describe the effect on the AD curve, the SRAS curve, and the LRAS curve.
Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2008 and 2011.
A) 23.1%
B) 23.8%
C) 30%
D) 42.9%