__________ bidders in a Treasury auction are guaranteed their bids at the __________ price resulting from the auction
A) Competitive; market-clearing
B) Noncompetitive; highest
C) Competitive; lowest
D) Noncompetitive; market-clearing
D
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A situation in which a country does not trade with other countries is called
A) self-actualization. B) autonomy. C) independence. D) autarky.
Which of the following is most likely to cause the productivity of labor to increase?
a. a higher rate of investment in human and nonhuman capital b. more flexible working hours and improved retirement plans c. an increase in the proportion of the workforce that belongs to a labor union d. higher money wages
In a ________ contract you can effectively lock in the price at which you buy or sell a foreign currency at a set date in the future.
A. spot foreign exchange B. currency futures C. securities spot D. covered arbitrage
The concept of utility is
A. subjective so that there can be no true measurement of someone's utility. B. subjective so measurement of someone's utility must be done scientifically. C. objective so that psychologists can measure utility and compare one person's utility with that of another person. D. objective so that devices can be developed that would measure a person's utility.