Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?
What will be an ideal response?
Indexed funds have lower operating costs because they engage in less stock trading.
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In the long run,
a. all of the firm's input quantities are variable. b. the firm can vary the quantities of some but not all inputs. c. managers become less efficient. d. the total cost of producing any given level of output is greater than or equal to the short-run total cost of producing that level of output.
How does a monopsony benefit an employer?
a. Having no competition for sales increases revenues. b. The employer works together with other firms to set prices. c. The employer can increase profits by keeping wages low. d. Workers are paid above their marginal revenue product.
The appropriate time average of {yit} is? 
, whereTiis:
A. ?the dummy variable, which equals one when a complete set of data is observed. B. the total number of time periods for cross-sectional observation i.? C. ?the total number of complete time periods for cross-sectional observation i. D. ?the explanatory variable for cross-sectional observation i.
Compared to a fixed percentage reduction regulation, a tax on pollution encourages:
A. big firms to make larger reductions because they can more easily afford it. B. firms that can more cheaply reduce pollution to make larger reductions. C. firms to use the same technology to reduce pollution. D. firms to reduce pollution by the same percent.