________Was (Were) an Example of Majority Tyranny That Occurred in the United

question 203

Multiple Choice

________was (were) an example of majority tyranny that occurred in the United States.

• A) Jim Crow laws
• B) The Voting Rights Act
• C) The Nineteenth Amendment
• D) Indirect democracy
• E) The history of the United States does not include any examples of majority tyranny because the Constitution provides safeguards against it.

Recognize the tax implications and potential tax liabilities associated with investing in mutual funds.

Differentiate between open-end and closed-end funds as well as exchange-traded funds (ETFs).

Understand the regulatory requirements and disclosures mandated by the SEC for mutual funds.

Learn about the impact of portfolio turnover on mutual fund performance and investor costs.

---

Definitions:

Constant Returns to Scale

A condition where increasing all inputs by the same proportion results in an increase in output by that same proportion.

Minimum Efficient Scale

The smallest level of production at which long-run total average costs are minimized.

Diseconomies of Scale

A situation where a company or organization grows so large that the costs per unit increase, leading to reduced efficiency.

Long-run Average Total Cost

Represents the average cost per unit of output in the long-term, where all inputs are variable, allowing for the adjustment of all factors of production.