Which of the following best characterizes the profit of a buyer of a futures contract?
A) spot price at settlement minus futures price at purchase
B) futures price at settlement minus spot price at purchase
C) futures price at purchase minus spot price at settlement
D) spot price at purchase minus futures price at settlement
A
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Select the phrase that correctly completes the following statement. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result
A) the price of sailboats increased and the quantity of sailboats demanded decreased." B) the equilibrium quantity of sailboats increased." C) the price of sailboats increased and the demand for sailboats decreased." D) the price of sailboats increased. The higher price caused the supply of sailboats to increase."
If the demand curve is a straight line with a negative slope, then demand is more elastic at higher prices than lower prices
a. True b. False
Budget surplus:
What will be an ideal response?
Other things the same, the aggregate quantity of goods demanded decreases if
a. real wealth falls. b. the interest rate rises. c. the dollar appreciates. d. All of the above are correct.