An option that gives the owner the right to buy a financial instrument at the exercise price within a specified period of time is a
A) call option.
B) put option.
C) American option.
D) European option.
A
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President Reagan often stated he preferred supply side policies. Which of the following federal government policies would be considered supply side?
i. decrease the quantity of money ii. lower taxes iii. lower the interest rate A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
Who was the economist who first proposed that governments use taxes and subsidies to correct for externalities?
A) Ronald Coase B) Adam Smith C) A. C. Pigou D) David Hume
Why does the industry short-run supply curve slope upward?
What will be an ideal response?
Which of the following observations is true?
a. TFC remains the same irrespective of units of output produced. b. TVC remains the same irrespective of units of output produced. c. TVC falls as the unit of output increases. d. AFC increases as output increases further and further.