Examlex
Which of the following represents the sequence of primary succession on a sand dune?
Random Walk
The hypothesis that stock market prices evolve according to a random path, making it impossible to consistently predict their future direction.
Index Funds
A type of mutual fund with a portfolio constructed to match or track the components of a financial market index, such as the S&P 500, aiming to offer broad market exposure, low operating expenses, and low portfolio turnover.
Moral Hazard
A situation where one party engages in risky behavior or fails to act in good faith because another party bears the consequences or costs.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.
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