According to Porter, Kazmia can attain economic prosperity by systematically cultivating new and superior factor endowments through ________
A) devaluation of the national currency
B) redevelopment of the country's depleted diamond mines
C) proactive national industrial policy
D) the consolidation of national human rights institutions
C
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In a goal programming problem with two goals at the same priority level, all the deviational variables are equal to zero in the optimal solution. This means
A) there is no feasible solution to the problem. B) all goals are fully achieved. C) nonlinear programming must be used to solve this. D) this problem was an integer programming problem. E) None of the above
To determine the risk premium associated with an asset's expected return, two components of the return are usually cited, only the first, the covariance of the asset's return with the market portfolio, is used, because ________
A) the risk associated with the asset depends on the market risk B) it is the only part of the asset's expected return that has risk C) the risk of the second component can be diversified away D) the market risk is the most difficult to calculate