Which of the following explains why soccer players make millions of dollars in Europe but do not in the United States?
a. discriminatory rules established by the government
b. compensating wage differentials for living in Europe
c. discriminatory preferences on the part of US sports fans for other sports
d. efficiency wages paid to European players to enhance on-field performance
c
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Suppose the current account shows debits of $5.3 billion and credits of $4.7 billion. The current account balance is ________, and the financial account balance is ________
A) +$0.6 billion; -$0.6 billion B) +$0.6 billion; +$0.6 billion C) -$0.6 billion; -$0.6 billion D) -$0.6 billion; +$0.6 billion
Amanda talks with several different brokers at a social gathering. She hears the following advice from brokers A, B, and C. Which broker, if any, gave her incorrect advice?
a. Broker A: "There are risks in holding stocks, even in a highly diversified portfolio.". b. Broker B: "Portfolios with smaller standard deviations have lower risk.". c. Broker C: "Stocks with greater risks offer lower average returns.". d. They all gave her correct advice.