For small investors, the best way to pursue a "buy and hold" strategy is to
A) buy and sell individual stocks frequently.
B) buy no-load mutual funds with high management fees.
C) buy no-load mutual funds with low management fees.
D) buy load mutual funds.
C
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In a market where the government imposes a price control, the excess demand or excess supply created will be determined by
a. the imposed price and the slope of the demand curve b. the imposed price and the slope of the supply curve c. only the imposed price determines these things d. the difference between the imposed price and the equilibrium price e. the difference between quantity demanded and quantity supplied at the imposed price
An import quota on a product protects domestic industries by:
A. reducing the foreign supply to the domestic market and, thereby, raising the domestic price. B. increasing the foreign supply to the domestic market and, thereby, lowering the domestic price. C. increasing the domestic demand for the product and, thereby, increasing its price. D. providing the incentive for domestic producers to improve the efficiency of their operation and, thereby, reduce their per-unit costs of production.