Jarrett Rogers, CFA, recommends investment advisers to high net worth individuals. Investment advisers pay Rogers a portion of their investment management fees as compensation for client referrals. Wh
A. Referral fees.
B. misrepresentation.
C. Fair dealing.
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If a minimum wage is set above the equilibrium wage in the labor market. what is the most likely effect?
A. The minimum wage will have no effect on the quantity of labor employed.
B. Firms will use less than the economically efficient amount of capital.
C. There will be excess supply of labor,and unemployment will increase
John Andersons company is participating in an acquisition. To speed up the process, his manager gives him a report from another companys analyst, also working on the project, and tells Anderson to put
A. misrepresentation.
B. Material nonpublic information.
Communication with clients and prospective clients.
Compared to investing in commodities, investing in farmland is most likely to provide which of the following benefits?
A. More liquidity.
B. Higher income.
C. Better inflation hedge.
The country of Hokah uses 30 units of labor to produce a unit of cheese and 35 units of labor to produce a unit of leather. The country of Ymer uses 25 units of labor to produce a unit of cheese and 2
A. Ymers opportunity cost of one unit of leather is 0.80 units of cheese.
B. Hokahs opportunity cost of one unit of cheese is 1.167 units of leather.
C. Ymer has an absolute and a comparative advantage in both cheese and leather.