Which of the following is not true with regard to mutual funds?
a. Some mutual funds allow investors to invest in all stocks in a given market
b. Mutual fund returns are greater than those for an individual who selects his/her own stocks.
c. They allow individuals to spread risk across many different companies.
d. Investors gain access to the services of a financial expert.
b
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A(n) ________ is a tax on an imported good
A) export quota B) tariff C) voluntary export restraint D) import quota
A country's budget constraint states that
A) the value of exports must be equal to the value of imports. B) real income in the exporting country must be equal to real income in the importing country. C) unless a country engages in trade, the value of exports cannot exceed the value of goods produced. D) a country will engage in trade only if the value of imports exceed the value of exports. E) a country will engage in trade only if the value of exports exceeds the value of imports.
The level of an economic activity should be increased to the point where the ____ is zero
a. marginal cost b. average cost c. net marginal cost d. net marginal benefit e. none of the above
The law of demand refers to the: a. decrease in price that results as more units of a product are demanded
b. increase in price that results from an increase in demand for a good of limited supply. c. inverse relationship between the price of a good and the quantity demanded. d. increase in the quantity of a good made available when its price increases.