The available evidence indicates that
a. about one-half of all managers of active mutual funds consistently outperform index funds.
b. outperforming the market on a consistent basis is extremely difficult to do.
c. there is little truth to the notion that there is a trade-off between risk and return.
d. there is little truth to the efficient markets hypothesis.
b
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To reduce the bias in the consumer price index, the Bureau of Labor Statistics
A) updates the market basket every 10 years, rather than every two years. B) updates the market basket every two years, rather than every 10 years. C) incorporates substitutions by consumers when prices of specific products fall rapidly. D) incorporates substitutions by consumers when prices of specific products rise rapidly.
Developing countries often justify imposition of tariffs because:
a. it creates a burden on government budget. b. it is easy to collect direct taxes from people in the developing countries. c. a large number of people in the developing countries earn a taxable income. d. developing countries find income taxes difficult to levy and collect. e. the volume of imports of these countries is considerably low.
Human capital is
a. the same thing as technological knowledge. b. the same thing as labor. c. the tools and equipment operated by humans. d. knowledge and skills that workers have acquired.
Why would the establishment of protective trade barriers be a poor way of protecting workers in domestic industries?
What will be an ideal response?