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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 23
Sammy buys stock in a suntan-lotion maker and also stock in an umbrella maker. One stock does well when the weather is good; the other does well when the weather is bad. Sammy's portfolio indicates that "weather risk" is a risk.
A) Diversifiable.
B) Nondiversifiable.
C) Automatic.
A) Diversifiable.
B) Nondiversifiable.
C) Automatic.
Explanation
Verified
Verified
Hence, the correct answer is a. Diversif...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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