Elimination of riskless profit opportunities in the futures market is
A) hedging.
B) arbitrage.
C) speculation.
D) underwriting.
B
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The virtual currency battle between Facebook and Zynga reminds us that:
a. Once a company starts a virtual currency, it is difficult and costly to abolish the currency. For nations, the same is true. Countries, like Greece, that entered the European Monetary Union now find it very difficult and costly to abandon the euro. b. Companies that start virtual currencies can abolish them rather quickly, which stands in stark contrast to countries, like Greece, that entered the European Monetary Union but now find it difficult and costly to abandon the euro. c. Companies that start virtual currencies are like countries, such as Greece, that entered the European Monetary Union. In both cases, it appears relatively easy to abandon the virtual currency and currency area. d. Countries, like Greece, that entered the European Monetary Union now find it relatively easy and inexpensive to abandon the euro. This stands in stark contrast to companies that start virtual currencies and wish to abolish them.
With respect to local finance:
A. death and gift taxes are the major source of revenue and most expenditures are for hospitals and health services. B. the corporate income tax is the major source of revenue and natural resource development is the major type of expenditure. C. property taxes are the basic source of revenue and education is the major type of expenditure. D. sales and excise taxes are the major source of revenue and highway construction and maintenance is the major type of expenditure.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90
Refer to the graph below. When total revenue declines as output expands, demand is:
The following graph shows a total revenue curve for a monopolist.
A. Elastic
B. Inelastic
C. Perfectly inelastic
D. Perfectly elastic