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.
c
Economics
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Toys for Toddlers, Inc, sells in a perfectly competitive market, with an equilibrium price of $5 . Its marginal revenue: a. is greater than $5. b. is $5
c. is less than $5. d. is less than zero.
Economics
The following graph shows the market equilibrium for corn in the United States. If the world price of corn is $2 and there are no trade restrictions, the United States will:
What will be an ideal response?
Economics