Market spreads usually range from ___ on large contracts to ___ on small contracts.
a. 3%; 0.5%
b. 10%; 2%
c. 1%; 2%
d. 0.01%; 5%
Ans: d. 0.01%; 5%
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Potential GDP is also referred to as
A) full-employment GDP. B) politico-economic GDP. C) realized GDP. D) balanced-budget GDP.
In a perfectly competitive market, the driving force behind long-run economic change is
a. government intervention b. employment c. economic profit or loss d. management e. altruism
The largest U.S. economic expansion between 1890 and the present occurred during which of the following events?
a. The Railroad Prosperity b. World War II c. The Great Tuna Boom d. The OPEC Prosperity of 1974
Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as
A) a vertical shift upward of the demand curve. B) a vertical shift upward of the supply curve. C) a vertical shift downward of the demand curve. D) a vertical shift downward of the supply curve.