A technique that can be employed to make a portfolio less risky than any of its individual securities is
a. plowback.
b. diversification.
c. programmed trading.
d. speculation.
b
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Empiricism refers to the process of:
A) making choices using values and beliefs. B) measuring variables. C) testing ideas using data. D) collecting and organizing data.
Cyclical unemployment is caused by:
a. shifts in the job skills required in the economy. b. seasonal layoffs. c. declines in real GDP. d. cyclical changes in the job skills among workers.
In which of the following decades did the American government take a more "hands off" or "let it alone" approach in its role in the economy?
A. 1970s B. 1940s C. 1930s D. 1920s
If the average level of nominal income in a nation is $45,000 and the price level index is 180, the average real income would be about:
A. $25,000. B. $20,000. C. $30,000. D. $15,000.