Which advantage(s) do mutual funds claim to provide?
a. diversification and access to the skills of professional money managers
b. diversification but not access to the skills of professional money managers
c. access to the skills of professional money managers but not diversification
d. neither diversification nor access to the skills of professional money managers.
a
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An example of a country that has had success with clustering is:
A. Japan. B. Liberia. C. China. D. Bangladesh.
A business incurs the following costs per unit: Labor - $5/unit; Materials $3/unit and rent - $5000/month. If the firm produces 100 . units a month, the total costs equals
a. $5,000 b. $8,000 c. $13,000 d. $3,000
The appropriate “medicine” for correcting payments imbalances under a fixed exchange rate system is
A. inflation for deficit countries and recessions for surplus countries. B. no change for surplus countries and tax cuts for deficit countries. C. inflation for surplus countries and recessions for deficit countries. D. sales of gold for deficit countries and revaluations for surplus countries.
If actual GDP is $340 billion and there is a positive GDP gap of $20 billion, potential GDP is:
A. $360 billion. B. $660 billion. C. $320 billion. D. $20 billion.