Which of the following conditions must hold if a consumer is maximizing her utility?

Answer the following statements true (T) or false (F)

1) An asset's price and rate of return are directly related. 2) Arbitrage equalizes rates of return across assets of a given beta. 3) A portfolio of many different stocks and bonds protects against nondiversifiable risk. 4) The beta of an investment measures the probability-weighted expected rate of return of a portfolio.

The unemployment rate for blacks is generally ___ the unemployment rate experienced by whites.

Fill in the blank(s) with the appropriate word(s).