Complete the sentence-A put option on a futures contract gives its owner:
A. The right to sell a futures contract at the strike price.
B. The right to sell a futures contract at the market price.
C. The right to buy a futures contract at the strike price.
D. The right to buy a futures contract at the market price.
Answer: A. The right to sell a futures contract at the strike price.
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The demand for ________ is more elastic than the demand for ________
A) chewing gum; cars B) all personal computers; Dell computers C) Pepsi; all soft beverages D) food; exotic vacations
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. Suppose that Firms A, B, and C are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. To cut the level of pollution in half the government issues two transferable pollution permits to each firm. What is the total cost to society of decreasing pollution to half its present level if firm C buys one pollution permit from firm A and one pollution permit from firm B?
A. $515 B. $1,300 C. $1,380 D. $965 E. $10,350
The Employment Act of 1946 was built largely out of
A) philosophy of William J. Boyes. B) free market economic philosophy. C) the ideas of Milton Friedman. D) Keynesian philosophy.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.