Quiz 13-17 - Review Assessment Quiz Chapters 1317 User...

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17 User Mrs. Melissa Ann La Rosa Submitted 6/27/11 8:57 PM Name Quiz Chapters 13-17 Status Completed Score 44 out of 100 points Time Elapsed 0 hours, 30 minutes, and 8 seconds out of 0 hours and 30 minutes allowed. Instructions This quiz consists of twenty-five (25) questions on material covered in Chapters 13 through 17. Each question is worth 4 points for a total of 100 points. Answer all questions. Note: You may take the quiz only once. Question 1 4 out of 4 points If a person is risk averse, then she has Selected Answer: diminishing marginal utility of wealth, implying that her utility function gets flatter as wealth increases. Correct Answer: diminishing marginal utility of wealth, implying that her utility function gets flatter as wealth increases. Question 2 0 out of 4 points David increases the number of companies in which he holds stocks. Selected Answer: This raises firm-specific risk, but lowers market risk. What happens to overall risk is unclear. Correct Answer: This reduces risk's standard deviation and firm-specific risk. Question 3 0 out of 4 points Right-to-work laws Selected Answer: guarantee workers the right to form unions. Correct Answer: give workers in a unionized firm the right to choose whether or not to join the union. Question 4
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This note was uploaded on 02/05/2012 for the course ECONOMICS 101 taught by Professor Dr.edmondson during the Spring '11 term at Thomas Edison State.

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Quiz 13-17 - Review Assessment Quiz Chapters 1317 User...

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