Marking to market is a process that:
A. involves a transfer of risk.
B. ensures that the buyers and sellers receive what the contract promises.
C. buyers and sellers can request for an additional fee when the contract is created.
D. always requires the sellers of contracts to transfer funds to the buyers of contracts.
Answer: B
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The amount Jacqueline receives for selling cupcakes beyond the minimum she would be willing to sell the cupcakes for is called
A) consumer surplus. B) producer surplus. C) cooperative surplus. D) deadweight loss.
Which of the following statements is true of comparative advantage?
a. A nation can have a comparative advantage in the production of a good only if it has an absolute advantage in its production. b. When a nation increases production in its area of comparative advantage and trades with another nation, both nations benefit. c. When a nation produces a good at a higher opportunity cost than its trading partner, it is said to have a comparative advantage. d. A nation imports the good in which it has a comparative advantage.
The systematic differences between the control and treatment groups can be controlled by taking two years data, _____.?
A. ?one treatment group before policy change and one after the change B. ?one before the policy change and one after the change C. one control group and one treatment group D. ?one control group before policy change and one after the change
A monopolistically competitive firm earning profits in the short run will find the demand for its product decreasing and becoming more elastic in the long run as new firms move into the industry until
A) the original firm is driven into bankruptcy. B) the firm's demand curve is perfectly elastic. C) the firm's demand curve is tangent to its average total cost curve. D) the firm exits the market.