29. (Figure: Risk) Return % 10 E 8 2 0 5 10 15 20 25 30 35 40 Risk (Standard Dev

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29. (Figure: Risk) Return % 10 E 8 2 0 5 10 15 20 25 30 35 40 Risk (Standard Deviation) Which curve in the diagram correctly identifies the relationship between risk and return? A) A B) B C) C D) D 30. If the government wanted to reduce alcohol consumption in the United States, would a state tax or federal tax be most effective? A) B) C) D) A state tax on alcohol consumption would be more effective because state taxes affect more buyers. A state tax on alcohol consumption would be more effective because the elasticity of demand is higher at the state level than at the federal level. A federal tax on alcohol consumption would be more effective because the elasticity of demand is higher at the federal level than at the state level. A federal tax on alcohol consumption would be more effective because suppliers cannot as easily avoid the tax simply by shipping alcohol to other states 31. John Stossel's investment strategy of beat 90 percent of the experts portfolios A) buying low-priced but high-valued stocks B) picking the highest-priced stocks C) picking stocks by throwing darts at a newspaper's stock page D) buying stocks of companies with newly released products

Explanation / Answer

29.Ans: B (positive sloping line)

30. Ans: A federal tax on alcohol consumption would be more effective because suppliers can not as easily avoid the tax simply by shipping alcohol to other states.

31.Ans: C. picking stocks by throwing darts at a newspaper's stock page

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