A swap contract __________ be resold, which is particularly important for the __________ in swaps
A) can; speculator
B) can; hedger
C) cannot; speculator
D) cannot; hedger
A
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National defense services provided by the military are:
A. excluded from GDP because they are intermediate goods. B. included in GDP at cost. C. excluded from GDP because they are not sold in markets. D. included in GDP at market prices.
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. Assume the minimum that Matt would be willing to accept to drive to campus is equal to the $4 he saved on the concert ticket. What would his economic surplus be if he bought his textbooks at the university bookstore rather than online?
A. $5 B. $50 C. $20 D. $1
Consumers of Google and Facebook services are disadvantaged because:
A. consumers do not have accurate information to make decisions. B. potential competitors are unable to develop new competing technologies. C. the data Google and Facebook collect on users is a barrier to entry to new competition. D. consumers are given a service that is now free, but which will cost significant sums later.