The acronym NAVPS in the mutual fund table denotes:
a. the percentage change in the asset value of the mutual fund from the close of the previous day's trading.
b. the highest and lowest values that the mutual fund has experienced over the last one year.
c. the highest asset value at which the fund was sold during the past week.
d. the percentage change in the asset value of the mutual fund from the previous week.
e. the value of the mutual fund divided by the number of shares of the fund.
e
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Since 1950, the volume of world trade and the volume of world real GDP
A) have both increased at roughly the same rate. B) have both decreased at roughly the same rate. C) have both increased, but the volume of world trade has increased more slowly than the volume of world real GDP. D) have both increased, but the volume of world trade has increased faster than the volume of world real GDP.
Explain why environmental damage would be classified as an externality.
What will be an ideal response?