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Все вопросы
- Price elasticity measures the responsiveness of the quantity demanded to income. It is formally defined as the percent change in quantity divided by the percent change in income. #361
- Economists call a person’s maximum willingness to pay for something that person’s …. #362
- A normal good is one for which an increase in income leads to an increase in demand; so for this sort of good the income elasticity of demand is positive. #363
- We can use the … set and indifference curve apparatus developed earlier to examine the choice of how much money to invest in risky and riskless assets. #364
- The marginal rate of substitution between … and return will have to equal the slope of the budget line. This slope is known as the price of risk. #365
- The amount of … present in an asset depends to a large extent on its correlation with other assets. An asset that moves opposite the direction of other assets helps to reduce the overall risk of your portfolio. #366
- The amount of risk in an asset relative to that of the market as a whole is called the … of the asset. #367
- The fundamental equilibrium condition in asset markets is that risk adjusted returns have to be the …. #368
- Counterparty risk, which is the risk that the other side of a transaction will not pay, can also be an important risk factor. #369
- A closely related measure is the standard deviation, denoted by σw, which is the square root of the variance. #370