An option that can be exercised at any time up to maturity is called
A) a swap.
B) a stock option.
C) an European option.
D) an American option.
D
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Based on the above figure showing a budget line, which of the following combinations of soda and bottled water are not affordable?
A) 3 bottles of water and 4 cans of soda B) 4 bottles of water and 2 cans of soda C) 2 bottles of water and 6 cans of soda D) None of the above, that is, all the combinations listed are affordable.
A price ceiling does all of the following except:
A. Increases the quantity demanded relative to the equilibrium level. B. Creates excess supply. C. Creates a market shortage. D. Decreases the quantity supplied relative to the equilibrium level.
Refer to Figure 3-1. If the product represented is a normal good, a decrease in income would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
To promote rapid economic growth, the new growth theory would argue for increased scholarships in
a. women's studies. b. deconstructionist literature. c. post-modern sociology. d. biology.