In the financial futures quotations, the total number of long positions outstanding is called
A) settlements.
B) market activity.
C) open interest.
D) arbitrage.
C
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The tax revenue that is generated by a government tax is counted towards total welfare
What will be an ideal response?
When a 2 percent increase in price generates a greater than 2 percent decrease in quantity demanded, then:
a. demand is price inelastic. b. total revenue increases. c. demand is positively sloped. d. demand is unit elastic. e. total revenue decreases.
Which of the following factors will reduce considerably the ability of a union to raise the wages of its workers?
a. an elastic demand for the goods produced by union labor b. a five-year apprenticeship before one can qualify for jobs held by union members c. high tariffs on goods produced by the union labor d. favoritism in the allocation of government contracts to firms that employ union labor
Which of the following will occur when an economy's price level increases?
A. The purchasing power of money will increase. B. The purchasing power of money will decrease. C. The real value of wealth will increase. D. Aggregate demand will increase.