Errunza, Hogan, and Hung ["Can the Gains from International Diversification

question 8

True/False

Errunza, Hogan, and Hung ["Can the Gains from International Diversification be Achieved Without Trading Abroad?" Journal of Finance, 1999] found that U.S. investors need to invest directly in foreign markets to fully achieve the benefits of international diversification.

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Definitions:

William Julius Wilson

A prominent American sociologist renowned for his research on urban sociology, race, and class in the United States.

Reparations

Compensation given for abuse or injury, often discussed in the context of compensating the descendants of enslaved Africans in the Americas and elsewhere.

Commission

A body officially charged with particular functions and duties, often within the public sector.

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