You own a stock that you think will produce a return of 11 percent in a good economy and 3 percent in a poor economy. Given the probabilities of each state of the economy occurring, you anticipate that your stock will earn 6.5 percent next year. Which one of the following terms applies to this 6.5 percent?

It can be said that ____ laid the foundation for the Industrial Revolution

a. the discovery of the Americas b. private property rights c. the invention of the cotton gin d. the discovery of gold e. the development of a strong judicial system

One of the practical issues in the choice of government spending or taxes to change aggregate demand is how large a

a. change in demand we want. b. trade deficit we want. c. budget deficit we want. d. government sector we want.