Managed funds
a. typically have a higher rate of return and higher costs than index funds.
b. typically have a higher rate of return and lower costs than index funds.
c. typically have a lower rate of return and higher costs than index funds.
d. typically have a lower rate of return and lower costs than index funds.
c
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According to your textbook, critics of "globalization" often fail to understand that
A) money makes the world go round. B) voluntary trade is mutually beneficial. C) economics applies only to capitalist economic systems. D) greed is better than love.
Suppose the GDP implicit price deflator was 112.7 in 2013 and 116.0 in 2014. Therefore, the inflation rate in 2014 would be
A) 2.8%. B) 2.9%. C) 3.3%. D) 16%.
Which of the following is not a source of economies of scale?
A. Use of larger machines B. Labor specialization C. Inelastic resource supply curves D. Learning-by-doing
In the circular-flow diagram, in the markets for
a. goods and services, households and firms are both sellers. b. goods and services, households are sellers and firms are buyers. c. the factors of production, households are sellers and firms are buyers. d. the factors of production, households and firms are both buyers.