Diversifiable risk refers to risk:
A. faced by a portfolio in general.
B. that can be reduced with appropriate fiscal and monetary policy.
C. posed by business cycle fluctuations.
D. specific to a particular investment.
D. specific to a particular investment.
Economics
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Which of the following is NOT a characteristic of the Cobb-Douglas production function?
A. Capital and labour receive equal fractions of income. B. Economic profit is zero. C. Factor payments are a constant fraction of income. D. Constant returns to scale.
Economics
Marx's notion that societies go through inevitable stages of evolution is called:
a. Surplus value b. Dialectical materialism c. The socialist revolution d. Primitive capitalist accumulation e. All of the above
Economics