Which of the following is NOT a benefit to an individual purchasing a mutual fund?
A) reduced risk
B) lower transactions costs
C) free-riding
D) diversification
C
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Free riding is primarily a characteristic of which type of good?
A) a pure private good B) a pure public good C) a club good D) a common pool resource
One target of the UN Millennium Development Goals that has successfully been reached involved cutting in half the number of people who lack access to
a. public education. b. information technology. c. international trade. d. safe drinking water.
Inflation is best defined as
A. a sustained increase in the price of ALL goods and services in an economy. B. a sustained increase in the average of all prices of goods and services in an economy. C. a sustained increase in the price of a single good or service. D. a relative price increase.
The formula of the equation of exchange is
A. MS*V = P*Y. B. MS = V*P*Y. C. MS = Y. D. MS/P = Y.