Consider a mutual fund with a 6 percent back-end load that decreases to 0 percent in the seventh year. How much of the load will an investor have to bear if she sells it off in the seventh year?
a. 1 percent of the load
b. 0 percent of the load
c. 2 percent of the load
d. 6 percent of the load
e. 4 percent of the load
b
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Which balance of payments account records payments for imports and exports?
A) reserves account B) capital and financial account C) current account D) official settlements account E) trade account
In 2012, the imaginary nation of Platland had a population of 10,000 and real GDP of 42,000,000 . During the year its real GDP per person grew by about 1.94%. Which of the following sets of growth rates is consistent with this growth in real GDP per person?
a. 3% population growth and 4% real GDP growth b. 3% population growth and 5% real GDP growth c. 6% population growth and 4% real GDP growth d. 6% population growth and 5% real GDP growth
If the Internet helps buyers learn about the availability of products and find potential sellers more quickly,
a. the volume of trade will decline. b. buyers will be better off, but sellers will be worse off. c. transaction costs will rise. d. the gains from trade will increase.
Suppose that in a month the price of a liter of soda increases from $1 to $1.50. At the same time, the quantity of liters of soda supplied increases from 200 to 210. The price elasticity of supply for liters of soda (calculated using the initial value formula) is:
A. negative. B. inelastic. C. unit elastic. D. elastic.