To earn profits, the market maker must
a. bid high, ask low
b. bid low, ask high
c. equalize the bid and ask price
d. not create the market
b
You might also like to view...
The demand for labor curve
A) is downward sloping because productivity of labor diminishes as more workers are employed. B) is upward sloping and the supply curve of labor is downward sloping. C) is upward sloping because productivity of labor diminishes as more workers are employed. D) shifts rightward when the real wage rate rises.
Which of the following is the best definition of the unemployment rate?
a. a percentage of people who were recently working but laid off or want to work (willing, able, and searching for work) but without jobs. b. a percentage of people discouraged with the labor market and without work c. a percentage of people not working d. a percentage of people that do not need to work e. a percentage of people willing and able to work
When the price of petroleum increases, the supply of Question 27 options:
A. home heating oil increases. B. petroleum-based plastics increases. C. petroleum-based plastics decreases. D. airplane trips increases because of higher fuel costs. E. hydroelectric power decreases.
Which of the following financial assets is considered to be essentially risk-free?
A. Gold. B. Stock in Fortune 500 companies. C. Real estate. D. Short-term U.S. government bonds.