Which of the following is not a typical solution to the "Tragedy of the Commons?"
a. taxing the use of the common resource
b. turning the common resource into a club good
c. turning the common resource into a private good
d. regulating the use of the common resource
b
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Suppose that at some point the spot exchange rate is equal to 100 yen per one U.S. dollar, while the interest rate in dollars is 6% and the interest rate in yen is 1%. What is the approximate forward rate that is consistent with this situation?
A) 95.3 yen per dollar B) 105 yen per dollar C) 107 yen per dollar D) 92 yen per dollar
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.