An American insurance company hires a call center in India to handle customer service calls in order to cut costs. Other things equal, this will ________ of the United States

Stockholders manage risk by

A) electing the board of directors. B) appointing day-to-day managers. C) diversifying their portfolios. D) having lots of bonds in their portfolios.

If expected inflation were 4%, and the real interest rate was 5%, what sector would be worse off if the actual inflation rate turned out to be 3%

a. Lenders. b. Borrowers. c. Both. d. None.