Which of the following statements about mutual funds is correct?
a. A mutual fund is not a financial intermediary.
b. A disadvantage of buying mutual funds is a lack of diversification
c. People who buy shares from a mutual fund are guaranteed a minimum return.
d. On average index funds outperform managed funds.
d
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Refer to Figure 28-9. A follower of the new classical macroeconomics would argue that a contractionary monetary policy to lower inflation after a supply shock, like that pursued by Volcker in 1979, would result in a movement from
A) C to D to A. B) A to B. C) C to A. D) A to C. E) A to D to C.
When the supply of a good increases, the quantity supplied at each price is increasing as well
Indicate whether the statement is true or false
The depletion of a common resource due to individually rational but collectively inefficient overconsumption is called:
A. excludability. B. the free rider problem. C. rival in consumption. D. the tragedy of the commons.
The three stages of economic development include
A) the agriculture stage, the manufacturing stage, and the service sector stage. B) the computerized stage, the agriculture stage, and the manufacturing stage. C) the feudal stage, the agriculture stage, and the totalitarian stage. D) the agriculture stage, the manufacturing stage, and the socialist stage.