The consumer is in equilibrium at a point where the budget line
| A. | Is below an indifference curve |
| B. | Is above an indifference curve |
| C. | Is tangent to an indifference curve |
| D. | Cuts an indifference curve |
|
Option: C Explanation : Click on Discuss to view users comments. |
Which of the following is the best general definition of the study of economics?
| A. | Inflation and unemployment in a growing economy. |
| B. | The best way to invest in the stock market. |
| C. | Business decision making under foreign competition. |
| D. | Individual and social choice in the face of scarcity. |
|
Option: D Explanation : Click on Discuss to view users comments. |
Risk in an investment can be defined as
| A. | Potential variability in future cash flows. |
| B. | Dispersion of returns around the mean or expected return measured by standard deviation. |
| C. | Returns not adequate to compensate for inflation. |
| D. | #1 and #2. |
|
Option: D Explanation : Click on Discuss to view users comments. |
