Some amount of every security in existence is held in the hypothetical __________ portfolio
A) perfect
B) market
C) systematic
D) nonsystematic
B
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The demand for flounder (a specific type of fish) is
a. more elastic than the demand for fish because there are more substitutes for flounder than for fish in general b. less elastic than the demand for fish because there are more substitutes for flounder than for fish in general c. more elastic than the demand for fish because there are more substitutes for fish in general than for flounder d. less elastic than the demand for fish because there are more substitutes for fish in general than for flounder e. more elastic than the demand for fish because flounder is one of the less expensive kinds of fish
Which of the following government programs are likely to aid the rich more than the poor?
a. food stamps b. school lunch programs c. subsidies for the arts d. public housing subsidies