If you are informed orange juice concentrate prices will rise in the next few months, you should ________ orange juice concentrate futures
But if that information becomes common knowledge, others will do the same thing, and the price of orange juice concentrate futures will ________.
A) buy; rise
B) sell; rise
C) buy; fall
D) sell; fall
A
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Refer to the scenario above. What is the purchasing power parity-based exchange rate between the two currencies?
A) 0.4 units of Country 1's currency for $1 B) 2.5 units of Country 1's currency for $1 C) 1.2 units of Country 1's currency for $1 D) 1 unit of Country 1's currency for $2.50
In a nutshell what has been the reality of central planning?
What will be an ideal response?
Banks who held mortgage-backed securities "took a bath" during the financial crisis of 2007-2009 due to:
A) rising yields in secondary markets which led to a decline in the price of mortgage-backed securities. B) falling yields in secondary markets which led to a decline in the price of mortgage-backed securities. C) their inability to issue new mortgages. D) more rapid pre-payment of mortgages.
In Niskanen's theory, bureaucrats obtain the budget they want by
a. lowering prices to consumers b. raising prices to consumers c. promising to produce more efficiently d. threatening legislatures with an all-or-nothing choice e. allowing legislators to cut particular items from their budget