Andy Likes Gourmet Popcorn,and Will Spend Time Trying to Find

question 65

Multiple Choice

Andy likes gourmet popcorn,and will spend time trying to find his favorite brand.His girlfriend,Joanne,loves popcorn but doesn't care about brands.For Andy,popcorn is a __________ good while for Joanne it is a __________ good.

• A) shopping; specialty
• B) convenience; shopping
• C) convenience; specialty
• D) specialty; convenience
• E) unique; universal

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Definitions:

Geometric Returns

The average rate of return per period on an investment, calculated by compounding the returns over time.

Excess Returns

The return on an investment minus the return on a benchmark, indicating the performance of the investment relative to the market.

Historical Standard Deviation

A statistical measure that quantifies the variability or dispersion of a set of past data points.

Small Stocks

Shares of relatively small companies, which may offer higher growth potential but also come with higher risk.