Hedge funds can be described as:
A. low risk.
B. moderate risk.
C. only as risky as the entire stock market as measured by an index such as the S&P 500.
D. very high risk.
Answer: D
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When tradable allowances are used to correct negative externalities in a market, the outcome:
A. limits the quantity bought and sold to the efficient level. B. maximizes surplus. C. is efficient. D. All of these statements are true.
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is:
a. 30. b. 60. c. 85. d. 90. e. 70.
When the prisoners' dilemma game is generalized to describe situations other than those that literally involve two prisoners, we see that cooperation between the players of the game
a. can be difficult to maintain, but only when cooperation would make at least one of the players of the game worse off. b. can be difficult to maintain, even when cooperation would make both players of the game better off. c. always works to the benefit of society as a whole. d. always works to the detriment of society as a whole.
Labor productivity measures output per hour of work.
Answer the following statement true (T) or false (F)