It is claimed that managed mutual funds have two advantages for investors. The first is that mutual funds allow people with small amounts of money to diversify. The second is that mutual funds provide the skills of professional money managers who can earn a return greater that the stock market in general in the long run.

Group of answer choices

Economists strongly agree with both claims.

Economists are skeptical of both claims.

Economists are skeptical of the first claim, but strongly agree with the second.

Economists strongly agree with the first claim, but are skeptical of the second.