When a strike or a lockout occurs,
A. Both labor and management suffer.
B. Management suffers from a strike while labor suffers from a lockout.
C. Only labor suffers.
D. Only management suffers.
Answer: A
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Which of the following accurately describes possible positions taken by hedgers?
A) may take a short position in the futures market to offset a long position in the spot market B) may take a short position in the spot market to offset a long position in the futures market C) may take a long position in the spot market to offset a short position in the futures market D) may take a long position in the futures market to offset a long position in the spot market
If the amount of time spent procrastinating and the performance on an exam are inversely related, then
A. more procrastination leads to lower exam grades. B. more procrastination leads to higher exam grades. C. a graph with this relationship would be positively sloped. D. the slope of the line reflecting this relationship will be 0.
Explain the various ways that financial intermediaries increase the efficiency of an economy.
What will be an ideal response?
The price elasticity of demand is the
A. change in quantity demanded divided by the change in price. B. percentage change in price divided by the percentage change in quantity demanded. C. change in price divided by the change in quantity demanded. D. percentage change in quantity demanded divided by the percentage change in price.