The riskiness of an asset is measured by
A) the magnitude of its return.
B) the absolute value of any change in the asset's price.
C) the standard deviation of its return.
D) risk is impossible to measure.
C
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Governments should support research and development efforts because such efforts ______.
a. promote international economic equilibrium b. are usually popular with the general public c. reduce the need for free international trade d. can result in innovations that promote rapid economic growth
A binding price ceiling is designed to:
a. increase efficiency. b. raise the price above the equilibrium price. c. keep the price below the equilibrium price. d. generate a surplus
From 1929 to 1933, in the course of the most severe collapse of gross domestic product in the history of the United States, the nation's annual output of goods fell by
What will be an ideal response?
An example of a good that is rival in consumption is:
A. an air show over the whole city. B. a floral display at a large university's graduation ceremony. C. a scientific discovery that allows florists to grow flowers to which no one is allergic. D. a Big Mac.