You believe that you can earn 2% more on your portfolio if you engage in full-time stock research. however, the additional trading costs and tax liability from active management will cost you about .5%. you have an $800,000 stock portfolio. what is the most you can afford to spend on your research?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.