Author Question: Mutual funds that attempt to mimic the performance of a broad market index, such as the Dow Jones ... (Read 78 times)

skymedlock · **on:** Jun 30, 2018

Mutual funds that attempt to mimic the performance of a broad market index, such as the Dow Jones Industrial Average, are known as:
a. socially responsible funds.
b. index funds.
c. equity funds.
d. fixed-income funds.
e. money market funds.

Question 2

Suppose a friend gives you two pieces of gum, and you decide to have one piece now and save the other for tomorrow. You do this because:
a. the total utility you get from the two pieces of gum will be higher tomorrow.
b. the marginal utility you get from the second piece will be higher tomorrow.
c. the marginal utility you get from the second piece will be higher today.
d. the marginal utility you get from the first piece will be less today.
e. the total utility you get from the two pieces will be less tomorrow.