Options on futures contracts are referred to as
A) stock options.
B) futures options.
C) American options.
D) individual options.
B
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Balance of payments accounts include
A) the net interest income account. B) the current account. C) Both answers A and B are correct. D) Neither answer A nor B is correct.
Selling a good abroad below the price charged in the home market, or at a price below the cost of production is called
A) dumping. B) import substitution. C) a quota. D) a tariff.
In the long run in monopolistic competition, the demand curve facing the typical firm
a. is perfectly elastic b. slopes upward c. is tangent to the firm's average total cost curve d. lies above the firm's average total cost curve e. is the same as the portion of the firm's marginal cost curve above average variable cost
The ability to produce a good or service at a lower opportunity cost than other producers is called
A. implicit advantage. B. absolute advantage. C. comparative advantage. D. marginal advantage.