A type of investment fund that makes long-term investments in companies that are not publicly traded is called a
A) private equity fund.
B) hedge fund.
C) sovereign wealth fund.
D) brokerage fund.
A
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Investments are actions that incur costs in the future but provide expected benefits today
Indicate whether the statement is true or false
The "invisible hand" refers to the notion that
A) competitive markets send resources to their highest valued uses. B) government intervention is necessary to ensure efficiency. C) marginal benefit decreases as more is consumed. D) marginal cost increases as more is produced. E) no matter what allocation method is used, the resulting production is efficient.
Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt is best be considered as
A) still being employed. B) included in the economy's "hidden employment." C) frictionally unemployed. D) cyclically unemployed.
According to the HO model,
A) everyone automatically gains from trade. B) the gainers from trade outnumber the losers from trade. C) the scarce factor necessarily gains from trade. D) None of the above.