Forward contracts are:
A. always standardized.
B. an agreement between more than two parties.
C. contracts usually involving the exchange of a commodity or financial instrument.
D. easily resold.
Answer: C
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Suppose there are only 2 nations, Atlantis and Pacifica, and only two goods, surfboards and kayaks. If Atlantis produces only surfboards, it can make 27 per day. If Atlantis produces only kayaks, it can make 18 per day
If Pacifica produces only surfboards, it can make 32 per day. If Pacifica produces only kayaks, it can make 24 per day. After trade begins, ________ will specialize in the production of surfboards and ________ will specialize in the production of kayaks. A) Pacifica; Atlantis B) Atlantis; Atlantis C) Atlantis; Pacifica D) No trade will occur.
The Human Genome Project is a useful example of
a. private sector research and development. b. government-conducted research. c. household research. d. a and b.
In 2010, many politicians argued that the deficit should be reduced at all costs but many economists countered that deficit reduction would be problematic given the state of the economy
a. True b. False Indicate whether the statement is true or false
Refer to the below graph. What is the area that represents the efficiency loss due to the tax?
The graphs below illustrate the market for a product on which an excise tax has been imposed by government.
A. XYT
B. XYZ
C. WXZU
D. WXYZU