Why is it unlikely for even a very successful investor to continuously outperform the market?
a. Different investors have different risk appetites.
b. Individual investors have independent strategies.
c. The stock market is not subject to sufficient government regulations.
d. Investors often mimic the strategies of the successful investor.
e. The market is always inefficient.
d
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A country would tend to experience currency appreciation relative to other countries if: a. the profitability of investments within the country increases relative to the rest of the world. b. people in the foreign currency markets expect the value of the currency to rise in the near future. c. the foreign demand for its exports increases
d. all of the above
In the long run, a firm will enter a competitive industry if
a. total revenue exceeds total cost. b. the price exceeds average total cost. c. the firm can earn economic profits. d. All of the above are correct.
A vertical merger combines firms ______.
a. that sell similar products b. at different stages of production c. that are in different industries d. into a conglomerate
Which of the following is purchased in a factor market?
A. National defense. B. The labor of a state university professor. C. A bag of jellybeans. D. A motorized scooter used for commuting by a student.