Index funds
a. buy all the stocks in a given stock index.
b. promise to beat the market by a certain percentage known as an index.
c. provide a return that is adjusted for changes in the consumer price index.
d. buy industries within a particular category of the North American Industry Classification System.
a
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The demand for microwaves in a certain country is given by: D = 8,000-30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then this country will ________ microwaves.
A. export B. import 400 C. import 800 D. export 800
In Figure 8-5, the firm’s marginal profit at the profit maximizing output level
A. is 10. B. is 35. C. is 0. D. cannot be determined from the diagram.
Research estimates that the medical spending for obesity-related diseases was
a. About the same as for healthy individuals. b. Ironically, much less than for healthy individuals. c. about $86 billion. d. about 9.1% of total medical spending. e. both c and d.
What function is money serving when you take it on a trip and keep it in your wallet or purse in case you need it?
A. A medium of exchange. B. A flow of funds. C. A store of value. D. A unit of account.