The cash price at your local elevator is $3.60/bu for corn. The relevant (nearby) futures contract for corn is the December contract and it is valued today at $3.50/bu. The "basis" for this location (market) is:
a. $0.50/bu
b. -$0.50/bu
c. $0.10/bu
d. -$0.10/bu
c. $0.10/bu
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The individual mandate provision of the ACA requires
A) every employed person to pay for his or her own health insurance. B) every U.S. resident to have health insurance. C) every U.S. company to provide health insurance to its employees. D) every private insurance company to provide free health care to its current policy holders.
Labor unions composed of workers who engage in a particular trade or skill, such as carpentry, are called
A) craft unions. B) industrial unions. C) collective unions. D) closed unions.
Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . If Samantha is offered a full coverage insurance policy for her house at $2000, would she buy the insurance?
a. Yes because she gets to now enjoy her wealth risk-free b. No, because she can take the risk and be better off c. Yes, because she gains on average with the insurance d. Both A&C
Figure 4-21
Refer to . The price received by sellers after the tax is imposed is
a.
$18.
b.
$14.
c.
$12.
d.
$8.