On the day of delivery
A) the spot price will equal the futures price.
B) the spot price will be greater than the futures price by an amount equal to the current interest rate times the futures price.
C) the futures price will be greater than the spot price by an amount equal to the current interest rate times the spot price.
D) there is no necessary relation between the spot price and the futures price.
A
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One of the principles behind the concept of the circular flow is that
A) in every economic exchange, the seller receives exactly the same amount that the buyer spends. B) in every economic exchange, the seller receives less than the amount that the buyer spends. C) in exchange involving products, the seller receives less than the amount the buyer spends, but in resource markets the seller receives more than the buyer spends. D) the seller of goods receives exactly the same amount that the buyer spends, but the seller of resources receives less than the buyer spends.
Which of the following world regions has received the largest percentage of lending from the World Bank since 1990?
A) Latin America/Caribbean B) South Asia C) Africa D) Middle East
The effectiveness of any stimulus program depends on:
a. the nature of the tax only b. the size of the tax and spending multipliers c. the nature of the tax and tax multipliers d. the income group targeted e. the marginal propensity to consume only
For both parties to gain from trade, the price at which they trade must lie between the two opportunity costs
a. True b. False Indicate whether the statement is true or false