Variance is a measure of ________ and the lower the variance, ________

A) expected profit; the lower the profit
B) risk; the lower the risk
C) standard deviation; lower the standard deviation
D) risk; the greater the risk


B

Economics

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Wheat produced in the U.S. but sold in Japan would not be included while calculating the U.S. GDP

a. True b. False Indicate whether the statement is true or false

Economics

A dual economy is characterized by:

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A person is unemployed if he works for a family business without pay

a. True b. False Indicate whether the statement is true or false

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Which of the following is not an example of moral hazard?

A. People take poor care of their health because they have health insurance. B. People drive recklessly because they have medical insurance. C. People don't lock their doors because they have theft insurance. D. All of these are examples of moral hazard.

Economics