According to the Phillips curve approach, when inflation is less than expected, the most likely initial effect is that:
A. Real wage rates will fall.
B. The natural rate of unemployment will rise.
C. Unemployment will rise above its natural rate.
查看答案
The free-rider problem, an obstacle to efficiency, is most likely associated with:
A. monopolies
B. Public goods
C. Subsidies and quotas
Qiang Li is primarily concerned with growing his portfolio using a balance between capital gains and reinvestment of current income. Qian Yun is primarily concerned with achieving an investment return
A. Totalreturn Currentincome
B. Capitalappreciation Currentincome
C. Totalreturn Capitalpreservation
The efficient market hypothesis implies that fundamental analysis:
A. Can achieve superior returns by extrapolating historical data.
B. Is inferior to technical analysis because fundamental analysis is not timely.
C. Requires the analysis to predict movements in relevant variables that affect rates of return.
David Smith, CFA, suspects that a particular companys interest coverage ratio may be overstated compared to that of other companies in the same industry and therefore requires additional adjustment. I
A. Capital leases LIFO
B. Operating leases FIFO
C. Operating leases LIFO