The above figure shows a firm's total revenue line. The firm must be in a market with

Refer to Scenario 5.10. Hillary's indifference curves showing her preferences toward risk and return can be shown in a diagram. Expected return is plotted on the vertical axis and standard deviation of return on the horizontal axis

Although her indifference curves are upward sloping and bowed downward, their slope is very gradual (they are almost horizontal). These indifference curves reveal that Hillary is: A) risk neutral. B) risk averse. C) risk loving. D) irrational.

A summary of a country's economic transactions with foreign residents and governments is called the

A) current account balance. B) financial account balance. C) balance of trade. D) balance of payments.