Examlex
Which of the following is typically used in empirical studies as a proxy for the market portfolio?
Citizenship
The status of being a citizen, entailing specific rights, duties, and privileges; typically involves a legal relationship between an individual and a nation-state.
Foreign Country
A nation that is located outside of one's own country's boundaries.
Representation
The action of speaking or acting on behalf of someone or the state of being so represented, particularly in a legislative or political context.
Minorities
Groups in a population that are smaller in number and often have different ethnic, racial, religious, or cultural characteristics from the majority of the population.
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