An upward-sloping line or curve is used to illustrate:
A. a direct relationship.
B. an inverse relationship.
C. two unrelated variables.
D. the ceteris paribus assumption.
Answer: A
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Economists object to monopolies on the grounds of efficiency. Why is this? Explain
Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?
a. Indexed funds generally have better stock pickers. b. Indexed funds engage in more detailed research. c. Indexed funds have lower operating costs because they engage in less stock trading. d. Indexed funds earn a significantly higher rate of return than a broad portfolio that represents the entire stock market.
Which of the following is not an important stock exchange in the United States?
a. New York Stock Exchange b. American Stock Exchange c. Chicago Mercantile Exchange d. NASDAQ
The reduction in world poverty from 1990 to 2014 was due almost entirely to the decrease in poverty in
A. Mali. B. Ethiopia. C. Canada. D. China.