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Use the following to answer question: Use the following to answer question:   -(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from P<sub>W</sub> to P<sub>T</sub> and there's a net _____ to total surplus of _____. A) addition;I + J + K+ L B) addition;I + J + K C) reduction;I + K D) reduction;I + J + K + L
-(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from PW to PT and there's a net _____ to total surplus of _____.


Definitions:

Risk-Free Rate

The return on investment with no loss of principal, often represented by the yield on government securities.

Beta

An indicator that determines the systematic risk or volatility of a security or a portfolio relative to the overall market.

Portfolio Beta

A measure of the volatility, or systematic risk, of a portfolio in comparison to the market as a whole.

Beta

A measure of a stock's volatility in relation to the overall market; used in the CAPM to calculate a stock's expected return.

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