Jason works in finance at an MNE. Part of his job is to invest large sums of money in various markets. His latest transaction was investing $10,000 in British pounds for 120 days, then taking the British pounds and investing them in euros for 90 days, and then converting it all back to U.S. dollars. Jason is most likely participating in ________.
A) interest arbitrage
B) speculation
C) cryptocurrency
D) options
A) interest arbitrage
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Refer to the scenario above. If the players have to pay a fairness penalty of $6, ________
A) the game will not have a Nash equilibrium B) the game will have multiple Nash equilibria C) the game will have multiple dominant strategy equilibria D) the game will have a unique Nash equilibrium
Pair-wise majority voting ______________ the criteria of an ideal voting system.
A. fails to meet one of B. fails to meet two of C. fails to meet all of D. meets all of
The difference between what a productive resource receives as payment for its use in production and the cost of bringing that resource to the market is called profit
Indicate whether the statement is true or false
Suppose there is a permanent shift of consumer preferences away from pretzels and toward potato chips. The most likely result would be
A. short-run profits in the potato chip market increase. B. in the short run, economic losses in the potato chip market. C. in the long run, a fall in the supply of potato chips. D. in the short run, a rise in the price of pretzels.