A Mutual Fund That Only Invests in Companies Outside the United

question 50

Multiple Choice

A mutual fund that only invests in companies outside the United States is called a(n) ________ fund.

• A)growth-income
• B)income
• C)international
• D)industry
• E)large-cap

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Definitions:

Positive

Characterized by the presence of something rather than its absence; in economics, often used to describe factual statements or analysis.

Unemployment

The situation when individuals who are capable of working are unable to find a job.

Normative

Relating to principles or rules of right conduct or the distinction between right and wrong; ethical.

Minimum Wage

The lowest legal salary that employers can pay workers, intended to protect workers from unduly low pay.