Having Performed Well in the Past Indicates That an Investment

question 50

True/False

Having performed well in the past indicates that an investment adviser or a mutual fund will perform well in the future.

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Definitions:

Import Goods

These are products brought into one country from another for sale.

Scarce Factors

Resources that are limited in availability and are constraint to economic production.

Capital

Refers to financial assets or physical resources that are used in producing goods or providing services.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than others.