Most mutual funds are
A) no-load funds.
B) load funds.
C) large-load funds.
D) small-load funds.
A
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Consumers who do not consistently discount the future over time are likely to ________
A) under-report their taxable income B) be unprepared financially for retirement C) opt in to employer-sponsored savings plans D) make excessive sacrifices on behalf of their children
Which of the following represents an arbitrage transaction?
a. Traders buy silks where they are abundant and cheap, and haul them along a trail to another place where they would be quite scarce and valued. b. A trader buys a block of government bonds in one market where it is temporarily priced below where it can be immediately resold in a different market. c. Someone buys a block of Final Four tickets and scalp them at the game. d. A senior citizen buys a block of theater tickets at a senior discount and scalps them to teenagers behind the theater. e. All of the above are example of arbitrage.
The accompanying graph shows the long-run supply and demand curves in a purely competitive market. We know that when this market reaches equilibrium, the marginal
a) cost equals marginal benefit. b) benefit exceeds marginal cost. c) cost exceeds marginal benefit. d) cost equals zero.
Suppose there are two firms on a river and the production processes of both require clean water. The upstream firm's process dirties the water, which it dumps back into the river. The downstream firm must clean the water before using it in its production process. If the two firms would merge
A. the internal costs of the downstream firm become external costs of the merged firm. B. the external costs of the merged firm would equal the external costs of the upstream firm, which would then be passed on to its customers. C. the external costs of the upstream firm are private costs after the merger. D. the total costs of production fall since the external costs disappear.