Futures contracts differ from forward contracts in that
A) future contracts ensures you will receive a certain amount of foreign currency at a specified future date.
B) future contracts bind you into your end of the deal.
C) future contracts allow you to sell your contract on an organized futures exchange.
D) future contracts are a disadvantage if your views about the future spot exchange rate are to change.
E) futures contracts don't allow you to realize a profit of a loss right away.
C
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Typically, the greater the specialization of resources
A) the less production that takes place. B) the greater the bow of the production possibilities curve. C) the poorer the country becomes. D) the greater the unemployment in the country.
Which of the following is TRUE of the Fed's credit policy?
A) The Fed has implemented a credit policy since 1914. B) Today about 40 percent of the Fed's asset holdings are related to its conduct of credit policy. C) The Fed's credit policy is extended only to U.S. financial institutions. D) The Fed's objective for its credit policy is to reduce the federal funds rate.
When an innovation spreads among producers, the earlier adopters enjoy longer-lived streams of profit before the market reaches its new long-run equilibrium
Indicate whether the statement is true or false
______________—a term referring to the highly inelastic case of demand or supply in which a percentage change in price, no matter how large, results in zero change in the quantity; vertical when graphed.
a. Infinite elasticity b. Zero inelasticity c. Constant unitary elasticity d. Perfect elasticity