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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2024-01-19.q367 Dumps
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Question 71

If an effective minimum price is imposed by the government, what would be expected to occur?

Correct Answer: B
An effective price floor will set the price above the equilibrium price. At such a price, quantity supplied will exceed quantity demand. This is the definition of a surplus.
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Question 72

Henry Clay is employed by a investment bank based in New York and is working in the country
Waselia. It is legal in Waselia for management and their friends to trade based on non-public material information. Clay is provided non-public material information verbally by insiders of a firm, and trades based on that information.

Correct Answer: A
That's right, as per the Standards Clay needs to follow the strictest of the New York laws,
Waselia laws and the Standards.
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Question 73

A systematic sampling method should not be used when:

Correct Answer: C
If the data are already arranged in the form of a predetermined pattern, using systematic sampling can introduce a systematic pattern in the sample itself, which would lead to erroneous inferences about the entire population.
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Question 74

A researcher is studying the number of trees that contain a certain type of locust in the Smoky
Mountains each year. He has found an average of 25% of the trees contain the locust with a standard deviation of 4%. If 100 trees were randomly sampled, which of the following statement is incorrect?

Correct Answer: C
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Question 75

Which rate determines when an economy will experience wage-push inflationary pressures?

Correct Answer: A
The NAIRU determines when an economy will experience bottlenecks in the labor market.
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