When banks involved in trading activities attempt to outguess markets, they are
A) forecasting.
B) diversifying.
C) speculating.
D) engaging in riskless arbitrage.
C
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What is meant by the term technological spillover?
What will be an ideal response?
Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome with cooperation?
A) Both confess. B) Both don't confess. C) Bob confesses while Harry does not confess. D) Harry confesses while Bo does not confess.
Of the curves displayed in graph shown, what does curve C most likely represent?
A. Marginal cost
B. Average total cost
C. Average variable cost
D. Marginal revenue
The cyclically adjusted deficit is the difference between annual government expenditures and tax revenues that would have occurred if the economy was:
A. in a recession. B. at zero unemployment. C. at full employment. D. at the trough of the business cycle.