A futures contract
A. gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract.
B. gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract.
C. is a contract in which the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price.
D. gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.
Answer: C
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Persistent current account deficits in the United States
A) cause persistent declines in investment in the United States. B) will eventually cause the value of the dollar to rise. C) can be seen as a vote of confidence in the strength of the U.S. economy. D) cause U.S. investors to accumulate more foreign assets than foreign investors accumulate U.S. assets.
When firms differentiate their products, they
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The job market for which group always seems to have higher unemployment than the labor force as a whole? Why?