________ involve the exchange of currency the second day after the date on which the two foreign-exchange traders agree to the transaction.
A) Spot transactions
B) Outright forward transactions
C) FX swaps
D) Reverse transactions
A) Spot transactions
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Producers play a disproportionately large role in influencing public regulation because they have a strong interest in matters that affect their specialized source of income
a. True b. False
If the government were to reduce its spending, it would be enacting:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. a budgetary crisis intervention. D. expansionary budgetary policy.
In the long run the local coffee shop incurs total costs of $625 when output is 1,250 cups of coffee and $750 when output is 1,500 cups of coffee. For this range of output, the coffee shop exhibits
a. economies of scale. b. constant returns to scale. c. diseconomies of scale. d. efficient scale.
Evidence suggests that education raises the earnings of the workforce mainly by
a. teaching workers how to demand more pay. b. keeping young people out of the labor force, thereby reducing the supply of labor. c. increasing the marginal productivity of labor. d. teaching people to read and write, although education beyond this point does not seem to increase worker productivity.