The initial deposit required by a buyer or seller of a futures contract is known as
A) credit.
B) margin requirement.
C) debit.
D) marking.
B
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The Law of Increasing Cost is based upon which of the following?
A. If units of a resource are added to a fixed proportion of other resources, eventually marginal output will decline. B. Economies of scale eventually outweigh diseconomies of scale. C. Resources become more suitable for use in the production process as the output of one good expands. D. All of the choices are true.
The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the midpoint formula, what is the price elasticity of supply when price increases from $5 to $10?
A. 0.69 B. 0.51 C. 1 D. 0.64
In the United States over the last 50 years,
A) the labor force participation rate for women has increased to match that for women in other developed countries. B) the labor force participation rate for women has increased to near 60 percent. C) the change in men's labor force participation rate explains the behavior of the unemployment rate. D) both women's and men's labor force participation rates have increased due to technology. E) women's earning power has remained fairly constant.
Japan could shift its production possibilities curve outward (to the right) if
A. it could buy some islands in the Pacific Ocean, thus increasing its available amount of land. B. it could devote more of its output to military goods. C. it could devote more of its output to producing consumer goods. D. all of the choices are true.