The primary advantage of mutual funds is that they
a. always provide the highest return.
b. always allow people to "beat the market.".
c. allow people to diversify and reduce risk.
d. allow people to diversify, which increases risk and return.
c
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How does a natural monopoly differ from a firm that becomes a monopoly due to network effects?
What will be an ideal response?
The demand curve faced by a dominant firm in an oligopoly model is the difference between the market demand and the supply that the fringe will produce at each price
Indicate whether the statement is true or false
Which of the following is one of the basic reasons why economists often appear to give conflicting advice to policymakers?
a. similar opinions about the validity of economic theories b. significant differences in education c. differences in personal values d. a reliance on normative statement for research theories
Technological advances primarily help a country increase its rate of economic growth ______.
a. through implementation of the Malthusian prediction b. through savings in labor, resources, or capital c. by eliminating the need for human labor d. by being sold to developing foreign countries