The Military-Industrial Complex

question 9

Multiple Choice

The military-industrial complex

• A)consists of an alliance of the military and industry that is pitted against officials in Congress and the executive branch.
• B)suffered a rare defeat in 2009 when funding for additional F-22 fighter jets was rejected by Congress and the president.
• C)was specifically mentioned and condemned in Harry S.Truman's farewell address.
• D)both consists of an alliance of the military and industry pitted against officials in Congress and the executive branch; and is blamed for high levels of defense spending.
• E)None of these answers is correct.

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Definitions:

Volatility

In financial contexts, volatility refers to the degree of variation of a trading price series over time, which is usually measured by the standard deviation of log returns.

Call Increases

Typically refers to an increase in the price of call options, which are contracts that give the holder the right to buy the underlying asset at a specified price.

Wasting Asset

An asset that inexorably declines in value over time due to physical deterioration or the expiration of intangible rights.

Put Option

An option that gives the owner the right, but not the obligation, to sell an asset.