Which of the following is correct?
a. Managed funds typically have a higher return than indexed funds. This tends to refute the efficient market hypothesis.
b. Managed funds typically have a higher return than indexed funds. This tends to support the efficient market hypothesis.
c. Index funds typically have a higher rate of return than managed funds. This tends to refute the efficient market hypothesis.
d. Index funds typically have a higher rate of return than managed funds. This tends to support the efficient market hypothesis.
d
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A welfare loss occurs when a monopolist chooses not to produce units of output that are of greater marginal value to consumers than the marginal cost of producing them
a. True b. False Indicate whether the statement is true or false
When a binding price ceiling is imposed on a market, a. price no longer serves as a rationing device
b. the quantity supplied at the price ceiling exceeds the quantity that would have been supplied without the price ceiling. c. all potential buyers benefit. d. All of the above are correct.
In the Cournot model the final level of output is ________ the output that would be produced if the industry was a monopoly, and is ________ the output that would be produced if the industry was perfectly competitive.
A. less than; greater than B. greater than; less than C. equal to; less than D. greater than; equal to
In the long run, a higher government budget deficit causes
A) a decrease in both private spending and equilibrium real GDP. B) an increase in both private spending and equilibrium real GDP. C) a decrease in private spending while equilibrium real GDP remains unchanged. D) no change in private spending but a decrease in equilibrium real GDP.