The market demand curve
A. and the individual demand curve are synonymous.
B. is calculated by multiplying the number of consumers by the individual demand curve.
C. shows how the total quantity demanded of some good changes as price changes, other things held constant.
D. can be calculated even if individual demand curves are unknown.
Answer: C
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Utility is:
A) a measure of income. B) a measure of savings. C) a measure of satisfaction. D) a measure of expenditure.
In which of the following transactions is one currency swapped for another on one date and then swapped back on a future date?
A) reverse transaction B) spot transaction C) FX swap D) outright forward transaction
With a futures contract:
A. payment is made when the contract is created. B. the short position agrees to purchase the underlying asset. C. no payment is made until the settlement date. D. the risk is eliminated for both parties.
If the price of potato chips increases, other things constant, demand for potato-chip dip will
a. not change; only quantity demanded will change b. increase because the goods are substitutes c. decrease because the goods are substitutes d. decrease because the goods are complements e. increase because the goods are complements