A ________ gives the holder the right (but not the obligation) to sell a foreign currency at some time in the future at a price set today.
A. put option
B. forward exchange contract
C. currency swap
D. call option
Answer: A
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In the process of reducing pollutants in our environment, we are
A) achieving a cleaner environment at no real cost. B) causing higher levels of unemployment. C) reallocating resources in an inefficient manner. D) trading off less of other goods and services for a cleaner environment.
The short-run consumption curve may shift upward over the long run largely because
a. people become wealthier b. the marginal propensity to save increases c. the 45-degree line becomes a 90-degree line d. the demand curve for investment is upward sloping e. economic growth, although still positive, slows down
If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be
a. $1,500 b. $5,142 c. $36,000 d. $9,500 e. $9,000
Voluntarism as an approach to environmental problems
a. has no place at all in solving the problems. b. is quite successful in reducing pollution. c. is more effective than first meets the eye. d. often has proved weak and unreliable.