The contact points where the terms of forward contracts are set are known as:
a. the underlying markets.
b. the derivative markets.
c. the over-the-counter markets.
d. the futures exchange.
C
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Government support of basic research by funding scientists through the National Science Foundation is an example of a government policy to promote economic growth by:
A. increasing human capital. B. increasing physical capital. C. increasing the availability of natural resources. D. improving technology.
If the cross-price elasticity of demand is positive, then the
a. two goods are complements b. two goods are substitutes c. two goods have no relationship to each other d. price is below the equilibrium e. price is above the equilibrium
An elasticity of 1 would be considered
A. perfectly elastic. B. elastic. C. unit elastic. D. inelastic.
The main area of economic activity that Canada chose not to open to free trade is
A) agriculture. B) lumber. C) cultural industries. D) financial services.