Although the dominance of ________ over ________ is clear in all countries, the relative importance of bond versus stock markets differs widely

Because they combine high yield and high risk, junk bonds

A) should never be considered sound investments. B) may increase the overall yield of a portfolio containing stocks without an undue increase in risk. C) should be purchased only by risk lovers. D) None of the above.

It has been estimated that the price elasticity of demand for attending baseball games is 0.23. Other things held constant, a 10 percent increase in attendance can be explained by a:

A. 23 percent rise in the price of a ticket. B. 43.48 percent rise in the price of a ticket. C. 23 percent fall in the price of a ticket. D. 43.48 percent fall in the price of a ticket.