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Economies of Scale and Diseconomies of Scale
Distribution of the Sample Mean
National Economic Accounts and the Balance of Payments
Benefits and Costs of International Trade
The Quantity Theory of Money
Balance of Payments Accounts
Balance of Payment Components
The Objectives of Monetary Policy
The Functions of Money
Examination of a Company’s Performance
The Construction of Price Indexes
The Advantages and Disadvantages of Using the Different Tools of Fiscal Policy
Factors Influencing the Mix of Fiscal and Monetary Policy:Monetary Policy;by the political context.:Both fiscal and monetary policies suffer from;lack of precise knowledge of where:studyNoaccommodation.
Calculation of GDP – Income Approach:+,SomeNationalincome=government
Portfolio Expected Return and Variance of Return:= 8112 = 9. Thus:RjB.C.FirstEXY = EXEY
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.
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.;
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
How to understand the Code of ethics and trust in the investment profession?:I,Professionalism:II:IIIIVVVIVIIResponsibilities as a CFA member or candidate