If the wheat harvest next summer in Canada will be much less than had been expected, there will tend to be
A) a decrease in the price of wheat futures and an increase in the current cash price of wheat in the US.
B) a decrease in the price of wheat futures and in the current cash price of wheat in the US.
C) an increase in the price of wheat futures and a decrease in the current cash price of wheat in the US.
D) an increase in the price of wheat futures and in the current cash price of wheat in the US.
D
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Which of the following statements is TRUE?
A) As more of a good is consumed, its total utility increases, unless the good is subject to diminishing marginal utility. B) As more of a good is consumed, its total utility increases, even if the good is subject to diminishing marginal utility. C) No two people have identical utility functions, just as no two people have identical fingerprints. D) Both A and C above.
The major difference between the balance of payments and the foreign exchange market is that:
a. Actually, there is no difference. All sources of funds in the balance of payments are demands for foreign exchange and all uses of funds in the balance of payments are supplies of foreign exchange. b. Actually, there is no difference. All sources of funds in the balance of payments are supplies of foreign exchange and all uses of funds in the balance of payments are demands of foreign exchange. c. The balance of payments includes many more transactions than are included in the foreign exchange market. d. The foreign exchange market includes many more transactions than are in the balance of payments.
The situation in which short-term interest rates are pushed to zero, leaving the central bank unable to lower them further is known as
A) the Taylor rule. B) a liquidity trap. C) a zero-sum game. D) an interest rate panic.
In an monopolistic market there are:
A. Many buyers B. Few buyers C. Few sellers D. Many sellers