The "invisible hand" refers to the control that government must exercise over a market economy

You own a stock that you think will produce a return of 11 percent in a good economy and 3 percent in a poor economy. Given the probabilities of each state of the economy occurring, you anticipate that your stock will earn 6.5 percent next year. Which one of the following terms applies to this 6.5 percent?

A. arithmetic return B. historical return C. expected return D. geometric return E. required return

A free trade agreement plus a common set of tariffs toward non-members is called

A) a common market. B) a customs union. C) a free trade area. D) an economic union. E) a partial trade agreement.