The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the Ricardian model is equal to ________ and it ________ as more cloth is produced

Which of the following is an example of a normative economic statement?

A) Prices rise when the government prints too much money. B) Universal access to quality health insurance is the most important domestic policy issue of our time. C) Interest rates rise when the government runs persistent budget deficits. D) Extending the time in which laid-off workers are eligible to receive government unemployment compensation has increased the unemployment rate. E) Lowering marginal income tax rates depresses consumer spending.

Assume that a security has equally possible outcomes of yielding 8 percent and 4 percent. The standard deviation of the probability distribution of returns for this security is

A) 6 percent. B) 4 percent. C) 3 percent. D) 2 percent.