A number whose movement reflects movement in the average level of prices is called
A. unemployment.
B. inflation.
C. a price index.
D. an unemployment rate.
Ans: C. a price index.
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________ occurs when individuals conform to the decisions of others
A) Herding B) Anchoring C) Signaling D) Sniping
Marking to market involves
A) changing the futures price to the spot price each day. B) engaging in arbitrage so as to reduce the risk involved with futures contracts. C) crediting or debiting the margin account based on the net change in the value of the futures contract. D) updating the futures price after the market closes each day.
Theoretically, a tariff imposed to protect an infant industry should be removed
a. within five years. b. when the industry becomes sufficiently diversified. c. when prices charged reflect production costs. d. when the industry has matured.
Use designation for a water body
a. gives the biological and chemical water attributes to meet water quality standards b. is one of two components of receiving water quality standards c. identifies the intended purposes of a water body d. all of the above e. (b) and (c) only