The forward exchange market:
a. Is a market with no default risk.
b. Is the market for current deliveries but future payments.
c. Handles transactions for individuals or companies who would like to reduce foreign exchange risk by locking in exchange rates now.
d. Is the market for current delivery.
.C
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A competitive market is one in which a number of buyers and sellers are offering similar products, and no single buyer or seller can influence the market price
a. True b. False Indicate whether the statement is true or false
A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a storage building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. The chef's implicit costs are equal to _____.
a. ?$26,000 b. ?$52,000 c. ?$66,000 d. ?$78,000 e. ?$72,000
Macroeconomics seeks to understand
A) economic growth, business cycles, and inflation. B) industry sales, marketing strategies, and corporate growth. C) product demand, product cost, and profit maximization. D) public choices, private choices, and consumer maximization.