If an individual labor supply curve bends backward at some high wage, so does the market labor supply curve

Suppose that a mutual fund, Washington Peak Strategic Bond Fund, believes it has hit upon a winning investment strategy.The fund uses an active management strategy to try to outperform the bond market

According to Washington Peak's prospectus, investors need to pay fees of 2 percent annually.Based on the historical success of their active investment strategy, the strategy is projected to generate annual returns (once fees are paid) of 8 percent. A friend of yours is considering investing in Washington Peak and asks you for investment advice. What would you suggest?

Nations get significant advantages if they have a single, valuable, natural resource, with little downside risk

Indicate whether the statement is true or false