The object of diversification is
A) to reduce risk and fluctuations in income.
B) to reduce risk, but not to reduce fluctuations in income.
C) to reduce fluctuations in income, but not to reduce risk.
D) neither to reduce risk, nor to reduce fluctuations in income.
A
Economics
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GDP equals $5 trillion. If consumption equals $3.5 trillion, investment equals $1 trillion, and government spending equals $1.5 trillion, then:
a. exports exceed imports by $1 trillion. b. imports exceed exports by $1 trillion. c. net exports equal zero d. exports exceed imports by $1.5 trillion.
Economics
Which of the following items is most likely to be an inferior good?
a. bus tickets b. airline tickets c. housing d. stereo equipment e. home computers
Economics