Which of the following is not true with respect to money market mutual funds?
A) They allow small savers to pool their funds to buy a diversified portfolio of money market instruments.
B) They often include securities such as Treasury bills, Treasury bonds, commercial paper, and negotiable CDs.
C) They charge a small management fee.
D) Most funds offer limited withdrawal by check.
B
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What will be an ideal response?
Countries with large current account surpluses might be viewed by the market as candidates for
A) devaluation. B) revaluation. C) bankruptcy. D) depreciation. E) investment.
An unintended bad outcome is referred to as a(n) ________ and ________ cause harm to an individual firm.
A) accident; cannot B) mistake; cannot C) accident; can D) mistake; can
Despite specialization and comparative advantage, household production still exists because for some households
a. the opportunity cost of production at home is greater than the cost of purchasing the good in the market b. production at home is less costly than purchasing the good in the market c. the value of home production exceeds the sunk cost of home production d. the value of home production is ignored e. food and clothing expenditures represent a small portion of their total budget