Speculators in derivatives markets
A) reduce the efficiency of these markets.
B) are acting contrary to U.S. securities laws.
C) accept risk transferred to them by hedgers.
D) reduce the liquidity of these markets.
C
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Gross domestic product can be thought of as a measure of
A) the national money supply. B) national income. C) national welfare. D) the national value of all legal exchanges. E) none of the above.
Fill in the blanks to complete the following statements
"Assume a perfectly competitive market is initially in long-run equilibrium. In the short run, a decrease in raw materials prices will cause the firm's average costs to ________. As a result, the profits of existing firms will ________. However, over the long run, this will cause the number of firms in the market to ________, and market price will ________ until firms once again earn a ________."
Which of these nations has the highest rate of union membership (as a share of total employment)?
A) India B) the United States C) Japan D) Sweden
Which of the following are characteristics of a linear demand curve?
A. It has a constant slope. B. It has a constant elasticity of demand. C. The upper half of the liner demand curve is inelastic. D. All of these