A mutual fund company uses the funds of its investors to:
A. Produce goods and services for consumers
B. Buy stocks and bonds
C. Build factories and other infrastructure
D. Buy capital and other resources for other firms
B. Buy stocks and bonds
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It can be shown using the IS-LM-FX model that a temporary expansion in the supply of money is effective in:
A) raising rates of interest. B) raising the rate of unemployment. C) combating temporary downturns in the economy. D) increasing consumer confidence.
Carol is very hungry. She has just sat down to eat. Her first bite gives her a certain level of utility. Her second bite increases her utility by more than the first bite. Her third bite increases her utility by more than the second bite. Carol has 40
bites left before she finishes. Which of the following statements is TRUE about Carol? A) Carol is being inconsistent with the law of diminishing marginal utility. B) Carol's total utility decreases with each bite. C) Carol's marginal utility will be negative when she takes her last bite. D) Carol will eventually experience diminishing marginal utility by the time she finishes eating, if her marginal utility begins to decline.