Choose the Word or Phrase in [ ] Which Will

question 45

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A fund that invests only in utility stocks could be classified as [an industry | a sector] fund.

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Definitions:

Market Period

A very short time frame in economics during which the supply of a good is fixed, meaning it cannot be increased or decreased in response to changes in price.

Short Run

A period in economics where at least one factor of production is fixed and cannot be changed, influencing the adjustment capabilities of a business.

Elasticity of Demand

An analysis demonstrating how changes in pricing impact the demand for a good.

Paper Newspapers

Traditional newspapers made from paper, providing news, information, and advertisements, typically published on a daily or weekly basis.