Which of the Following Is Characteristic of DVCs

question 121

Multiple Choice

Which of the following is characteristic of DVCs?

• A) A large percentage of the labor force is in agriculture.
• B) There are high levels of saving and investment.
• C) They have high labor productivity.
• D) There are high levels of training.

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Definitions:

Expected Return

The anticipated gain or loss from an investment over a period, considering both the probability of outcomes and the impact of different outcomes.

Portfolio

A collection of financial investments, such as stocks, bonds, commodities, or real estate, held by an individual or institution.

Slope of the Budget Line

The rate at which a consumer can trade off one good for another while maintaining the same level of utility, representing the relative prices of two goods.

Risk

The possibility of loss, damage, or any other undesirable event.