The difference between bid (buying) rates and ask (selling) rates is called the
A) profit.
B) arbitrage.
C) spread.
D) forward transaction.
C
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Use the figure below to answer the following question. 
The case of complementary goods is represented by figure
A. 1. B. 2. C. 3. D. 4.
An import is any good that is:
A) produced and consumed domestically. B) priced through an auction mechanism. C) produced abroad, but sold domestically. D) rationed and licensed by the government.
The Lorenz curve is a geometric representation of
A) the profile of earnings for a "typical" family over time. B) the standard of living experienced by the poor in a country. C) the difference between pre-tax and post-tax income. D) the distribution of income.
In a market, competitive forces guarantee that any price other than the equilibrium price is:
a. market-clearing. b. stable c. temporary. d. unaffordable.