The Kansas-Nebraska Act was controversial because it left the issue of whether slavery should be allowed to a popular vote, which brought about a series of violent confrontations called bleeding Kansas.
Answer:
D) The Soviet economy was a tremendous success story; the USSR would still be together if it were not for the ethnic differences.
Explanation:
The Soviet economy was not a tremendous success, in fact, it was in many aspects a failure (although it was a success in some fields).
The other 3, true statements in the question give us a clue why:
The Soviet system benefited the center (Russia) disproportionally, leaving aside the other, peripheral republics in Central Asia, the Caucasus, The Baltics, and Eastern Europe, which were often very poor.
The Soviet system used a planned economy, instead of a market economy, and this led to many errors in the production of goods and services. Resources were often poured in unprofitable industries over more profitable ones, and the geographical location of the economic sectors often did not make sense.
Things that in a market system would likely not happen, ocurred in the soviet planned economy because the planners did not realize their mistakes.
Answer:
material that current can pass through easily
Other things held constant, if the expected inflation rate DECREASES, and investors also become MORE risk averse, the Security Market Line would shift in<u> have a steeper slope </u>manner.
<h3>What is the Security Market Line (SML)?</h3>
The security market line (SML) is the Capital Asset Pricing Model (CAPM). It gives the market’s expected return at different levels of systematic or market risk. It is also called the ‘characteristic line’ where the x-axis represents the asset’s beta or risk, and the y-axis represents the expected return.
<u>Security Market Line Equation</u>
The Equation is as follows:
SML: E(Ri) = Rf + βi [E(RM) – Rf]
In the above security market line formula:
- E(Ri) is the expected return on the security.
- Rf is the risk-free rate and represents the y-intercept of the SML.
- βi is a non-diversifiable or systematic risk. It is the most crucial factor in SML. We will discuss this in detail in this article.
- E(RM) is expected to return on market portfolio M.
- E(RM) – Rf is known as Market Risk Premium.
<u>Characteristics of the Security Market Line (SML) are as below:</u>
- SML is a good representation of investment opportunity cost, which combines the risk-free asset and the market portfolio.
- Zero-beta security or zero-beta portfolio has an expected return on the portfolio, which is equal to the risk-free rate.
- The slope of the Security Market Line is determined by the market risk premium, which is: (E(RM) – Rf). Higher the market risk premium steeper the slope and vice-versa
- All the assets which are correctly priced are represented on SML.
- The assets above the SML are undervalued as they give a higher expected return for a given amount of risk.
- The assets below the SML are overvalued as they have lower expected returns for the same amount of risk.
Therefore, we can conclude that the correct option is A.
Learn more about Security Market Line (SML) on:
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Most of his achievements were mainly military so I think its
He unified the empire through military conquest
