A market shortage is
A. The result of a price floor.
B. A situation in which producers cannot sell all the goods and services that they are willing and otherwise able to sell.
C. The amount by which the quantity demanded exceeds the quantity supplied at a given price.
D. The amount by which the cost of production exceeds the price of a good.
Answer: C
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Indicate whether the statement is true or false
In which of the following categories would an agreement to trade currencies in pre-set amounts at a certain date in the future be included?
a. an option b. a futures contract c. a forward contract d. a swap
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A. illegal economy. B. soft market. C. underground economy. D. None of these statements is true.
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