Which of the following is true?
a. Managed equity funds generally outperform indexed equity mutual funds.
b. Managed equity funds merely hold stocks in the same proportion they are represented in a broad stock market index such as the Standard & Poor's 500.
c. Indexed equity funds generally have lower management and operating costs than managed funds.
d. Indexed equity funds generally engage in more stock trading than managed funds.
C
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What does it mean when the Federal Reserve is referred to as a lender of last resort?
What will be an ideal response?
Refer to Figure 13-3. Suppose the economy is at point C. If government spending decreases in the economy, where will the eventual long-run equilibrium be?
A) A B) B C) C D) D
Environmental damage
A. can easily be reduced to zero. B. is inevitable where humans exist. C. tends to increase as long as costs outweigh the benefits to the damagers. D. is only a modern-day concern.
By convention, there are two major divisions of economics, called:
A. rational economics and irrational economics. B. microeconomics and macroeconomics. C. reservation price and opportunity cost. D. marginal benefit and marginal cost.