Which of the following futures contracts is available on the Chicago Board of Trade?
A) New York Stock Exchange Composite Index futures
B) Foreign currency futures
C) U.S. Treasury bonds
D) Value Line Market Index futures
C
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If both prices increases by 50%,
A) budget constraint will be unchanged. B) slope of the budget constraint stay the same. C) slope of the budget constraint will decrease. D) budget constraint will shift outward in a parallel fashion.
Which of the following is NOT true about commercial paper?
A) It is a short-term (six months or less) debt. B) It is riskier than a Treasury bill. C) It is issued by a "high-quality" corporate borrower. D) It pays at a rate about double the Treasury bill. E) It can be resold.
According to the above table, the marginal factor cost of the eighth worker is
A) $27.00. B) $48.00. C) $168.00. D) $216.00.
Wealth refers to
A. A flow of money over time. B. The way personal income is divided among households. C. The market value of assets people own. D. The purchasing power this year.