Which of the following is true?
A) Managed equity funds merely hold stocks in the same proportion they are represented in a broad stock market index such as the Dow Jones Industrials.
B) Indexed equity funds generally have lower management and operating costs than managed funds.
C) Managed equity funds generally outperform indexed equity mutual funds.
D) Indexed equity funds generally engage in more stock trading than managed funds.
B) Indexed equity funds generally have lower management and operating costs than managed funds.
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Suppose job search has decreased over the last several years. This decrease could be a result of
i. a change in unemployment benefits. ii. a positive structural change. iii. a higher inflation rate. A) i only B) ii only C) i and iii D) i and ii E) ii and iii
The supply schedule shows the specific quantity of a good that suppliers are willing and able to:
a. demand at various prices. b. produce at various costs. c. hold back from the market when competition is reduced. d. provide at different prices. e. demand at various costs.
In the presence of a positive externality, public policy aims to increase quantity beyond the private optimum
Indicate whether the statement is true or false
When the absolute price elasticity of demand equals 1, demand is
A. elastic. B. unit-elastic. C. inelastic. D. undetermined without more information.