A multinational organization that aims to promote world economic growth through more financial stability is the
A. World Bank.
B. International Monetary Fund.
C. International World Fund.
D. Federal Reserve System.
Answer: B
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A futures contract is
A) an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date at a currently agreed-upon price. B) an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date, with the price to be negotiated at the time of delivery. C) an agreement that specifies the delivery of a commodity or financial instrument at a currently agreed-upon price, with date of delivery to be negotiated subsequently. D) an agreement that specifies the delivery of a commodity or financial instrument, with the price and date of delivery to be negotiated subsequently.
If the government imposes a $3 tax in a market, the equilibrium price will rise by $3
a. True b. False Indicate whether the statement is true or false
Consumer surplus is the difference between the most that consumers would pay and ________
a. the actual amount they do pay b. the amount they want to pay c. the actual amount it costs to produce d. none of the above
A TRUE signal must
A. convey information about the long-run future. B. convey information only. C. explain in detail why something should be done. D. convey information and direct the resource owners to act appropriately.