Which of the following countries is NOT among the 10 largest economies in the world?
A. Brazil.
B. India.
C. Israel.
D. China.
Answer: C
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Freedom of entry and exit in monopolistic competition
A) means that firms' price and average total cost of producing are always equal. B) never allows firms to earn economic profits. C) leads to falling prices when new firms enter the market. D) forces firms to abandon product differentiation but only in the long run.
Which of the following is the best description of the effects of an increase in the supply of bread?
a. Consumers will pay more for bread. b. Bread prices will fall, and bread sales will rise. c. A permanent surplus of bread will remain on the market. d. Bakers will have higher marginal costs.
The supply curve for stand up paddle boards
a. shifts when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the vertical axis of the graph. b. shifts when the price of stand up paddle boards changes because the quantity supplied of stand up paddle boards is measured on the horizontal axis of the graph. c. does not shift when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the vertical axis of the graph. d. does not shift when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the horizontal axis of the graph.
Which of the following approaches to investing does not rely on fundamental analysis to choose the stocks in your portfolio?
a. Choosing stocks based on research and analysis you do yourself b. Relying on advice from Wall Street analysts c. Buying shares of an actively managed mutual fund d. Buying shares of an index fund that purchases all stocks in a particular stock index