Which of the statements below is primarily normative in nature?
A) There is an unequal distribution of income in the United States.
B) The distribution of income is more unequal in the United States than it is in Japan.
C) The inequality of income that exists in the United States is partly caused by an unequal distribution of wealth.
D) The distribution of income in the United States should be more equal than it is.
D
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Refer to Figure 3-1. An increase in the expected future price of the product would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
Before taking management and trading costs into account, arbitrage activities in the market ensure that the returns of actively managed funds are:
A. Significantly higher than those of index funds with similar risk B. Significantly lower than those of index funds with similar risk C. About the same as those of index funds with similar risk D. More volatile than those of index funds with similar risk