Investing all your money in one company is an example of:
A. risk aversion.
B. risk diversification.
C. risk pooling.
D. None of these statements is true.
Answer: D
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For a given amount of nominal income, the real income will
A. rise as the price level rises. B. fall if the price level falls. C. fall if the price level rises. D. be unaffected if the price level falls.
Members of Congress promising to support each other's legislation is known as
A) explicit collusion. B) implicit collusion. C) logrolling. D) protectionism.
In econometrics, the general partialling out result is usually called the _____.?
A. ?Gauss-Markov assumption B. ?Best linear unbiased estimator C. ?Frisch-Waugh theorem D. ?Gauss-Markov theorem
Exhibit 7-11 A firm's cost and marginal revenue curves
?
In Exhibit 8-11, when the price rises from $5 to $8, the profit-maximizing (or loss-minimizing) firm goes from making a:
A. loss to making a smaller loss. B. loss to making a larger loss. C. loss to making a profit. D. profit to making a loss.