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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 9
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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