Country X Has a High Unemployment Rate

question 42

Multiple Choice

Country X has a high unemployment rate.It follows that country X is operating

• A) beyond its production possibilities frontier (PPF).
• B) on its PPF.
• C) inside (below)its PPF.
• D) at a productive efficient point.
• E) b and d

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Definitions:

Expense Ratio

A measure reflecting the annual cost of investing in a mutual fund or ETF, expressed as a percentage of assets under management.

12b-1 Fee

A fee charged by some mutual funds to cover promotion, distribution, and marketing expenses.

Bank CD

A Certificate of Deposit, a savings certificate with a fixed maturity date and specified fixed interest rate, offered by banks.

Expense Ratio

The annual fee expressed as a percentage of assets under management that investors pay for mutual fund or ETF operations and administration.