Using the definition of unemployment, which of the following individuals would be unemployed?
A) A full-time student quits school, enters the labor market for the first time, and searches for employment.
B) Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon.
C) Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job.
D) All of these individuals are unemployed.
D
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The standard deviation of a two-asset portfolio (with a risky and a non-risky asset) is equal to
A) the fraction invested in the risky asset times the standard deviation of the non-risky asset. B) the fraction invested in the non-risky asset times the standard deviation of the risky asset. C) the fraction invested in the risky asset times the standard deviation of that asset. D) the fraction invested in the non-risky asset times the standard deviation of that asset.
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = 100(M). Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you will pay the campus security for the safekeeping service now?
What will be an ideal response?