If you buy a futures contract for U.S. Treasury bills and on the delivery date the interest rate on T-bills is lower than you expected, you will have
A) lost money on your long position.
B) gained money on your long position.
C) lost money on your short position.
D) gained money on your short position.
A
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Use the diagram of two product supply curves to answer the following question.
The diagram indicates that
A. over range Q1Q2 price elasticity of supply is the same for the two curves. B. over range Q1Q2 price elasticity of supply is greater for S2 than for S1. C. over range Q1Q2 price elasticity of supply is greater for S1 than for S2. D. not enough information is given to compare price elasticities.
A consumer values a car at $30,00 . and a producer values the same car at $20,000 . If the transaction is completed at $24,000 . what level of tax rate will result in unconsummated transaction?
a. 0% b. 25% c. 20% d. 40%
Refer to the accompanying figure. For the nation whose PPC is shown, it must be true that:
A. the nation's productive resources are better-suited to making milk than to making movies. B. some of the nation's productive resources are better-suited to making milk, and some are better-suited to making movies. C. the nation's productive resources are better-suited to making movies than to making milk. D. the nation has a comparative advantage in making milk.
The Endangered Species Act has
A) caused a loss of economic activities on some private land. B) saved all endangered species without affecting anyone. C) further reduced the number of endangered species. D) had no impact on either the number of endangered species or other economic activities.