Scalpers (People Selling Tickets at a Price Above the Stated

question 95

Multiple Choice

Scalpers (people selling tickets at a price above the stated price, P*) were spotted at this year's Super Bowl game.This suggest that

• A)P* is less than the equilibrium price.
• B)P* is greater than the equilibrium price.
• C)P* is the equilibrium price.
• D)it's not possible to determine anything about the equilibrium price with this information.

Analyze the effectiveness of error-management training compared to error-avoidant training, and understand their applicability.

Recognize the meaning and purpose of active learning in training design.

Distinguish between error training and error-avoidant training approaches.

Understand the concept of media richness and identify the least rich communication mediums.

---

Definitions:

Stock Selection Return

The return generated from choosing specific stocks to outperform the market or a segment of the market.

Benchmark

A standard or point of reference against which the performance of a security, investment portfolio, or asset manager can be measured.

EAFE

An acronym for Europe, Australasia, and Far East, often used in reference to a stock index that represents major foreign markets.

Interest Rate Parity Theory

This theory suggests that the difference between the exchange rates of two currencies is equal to the ratio of the interest rates between those two countries, thereby preventing arbitrage opportunities.