Refer to the figure. An increase in the number of highly skilled and educated potential immigrants would:

Licensing and regulation of business activities by colonial governments

(a) occurred only infrequently. (b) was a common practice in early colonial times but the British eventually replaced it with a policy of laissez faire before the American Revolution. (c) was very common throughout the colonial period just as it is today. (d) is basically inconsistent with American concepts of freedom of enterprise and so has never been common practice in either colonial or modern times.

The indifference curves of two investors are plotted against a single budget line. Indifference curve A is shown as tangent to the budget line at a point to the left of indifference curve B's tangency to the same line

A) Investors A and B will hold the same portfolio. B) Investors A and B will have different portfolios of the same standard deviation. C) Investors A and B will have different portfolios of the same rate of return. D) Investors A and B will have different portfolios but have the same level of risk aversion. E) Investor A will expect to earn a lower rate of return than investor B.