Analysis of Market Structure：2 The degree of product differentiation;4 The relative strength of the barriers to market entry and exit:monopoly.A[PracticeC.B

Theories of the Business Cycle - Neoclassical and Austrian Schools：hand,every good at which supply equals demand.:schoolto do in the recession phase is to allow the necessary market adjustment to take place as quickly as possible.

Measures of Central Tendency：mean is the sum of the observations divided by the number of observations.:In:an odd-numbered sample of n items,The0.8% higher than the mean for Portfolio R.

External Trade Sector Behavior through the Business Cycle：grow.a more gradual effect.

Definitions of Money：entire range of liquid assets that can be used to make purchases.

Measures of Sustainable Growth：One way is to use the growth accounting equation. Problem:real GDP that a worker can produce in one hour of work.KLPotential GDP = Aggregate hours worked × Labor productivity

Why members and candidates must make disclosure of all matters ?：and their employer. （所有可能和客户、潜在客户、雇主产生利益冲突的事项都要进行披露）Must ensure that such disclosures are prominent,必须披露）The best practice is to assign another to follow up the company.;

Why members and candidates must develop and maintain appropriate records?：actions,Cannot usehistoricalrecommendations or research reports created at the previous firm because the supporting documentation is unavailable. （不能使用以前的推荐或者研究报告,因为没有支持数据）For future use,CFA

What’s the responsibility of supervisors?：does not relieve them of their supervisory responsibility. （可以转委托他人监管，但必须指示明确且对转委托负责）,应拒绝承担监管者责任）,

What's the meaning of independence and objectivity in professionalism?：or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.（那些被合理认为将会影响独立客观的威逼利诱都要不为所动）,但在他人眼中会影响独立性也不行）可能的话事先披露给雇主告诉雇主是为了引起雇主的同意

What laws,rules, and regulations should be known by members and candidates?：rules，必须遵守直接相关的法律），but this may be advisable in some circumstances and required by law in others. （没有要求一定要将违法行为报告政府）也会被认为是参与违法行为）

How to understand the Code of ethics and trust in the investment profession?：I,Professionalism:II:IIIIVVVIVIIResponsibilities as a CFA member or candidate