The risk of investing in the stock market can be eliminated by diversification

The United States is one of the least marketized economies in the world

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

Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and paperback novels cost $8 each. Abby has a budget of $80, Bobbi has a budget of $60, and Deborah has a budget of $40 to spend on ice cream and paperback novels. Which of the following statements is correct?

a. Each woman faces the same budget constraint. b. The slope of the budget constraint is the same for each woman. c. The area underneath the budget constraint is larger for Deborah than for Abby. d. All of the above are correct.