One way to approach saving is to have a goal of building a(n) ______________ of three to six month's income
a. Emergency fund
b. Umbrella reserve
c. Quantity fund
d. Production/consumption reserve
A
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A financial strategy that reduces the chance of suffering losses arising from foreign exchange risk is referred to as
A) hedging. B) foreign exchange leverage. C) conversion depletion. D) transaction mitigation.
Elasticity of supply will increase when:
A. it becomes easier to substitute one factor of production for another in a manufacturing process. B. producers are given less time to respond to price changes. C. the number of consumers wanting to purchase a product increases. D. the number of producers selling a product decreases.
Which statement is true?
A. In the short run and the long run the perfect competitor will break-even. B. In the short run and the long run the perfect competitor will make a profit. C. In the short run the perfect competitor may make a profit or take a loss. D. In the long run the perfect competitor will make a profit, but in the short run she will break-even.
Explain why it was necessary to pass the Clayton Act when the Sherman Act had already addressed the antitrust issue.
What will be an ideal response?