In the case where the spot and forward rates are equal, the currency is said to be selling
A) profitably.
B) flat.
C) normal.
D) risky.
B
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Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670The price elasticity of demand (based on the midpoint formula) when price decreases from $9 to $7 is
A. unit elastic. B. inelastic. C. elastic. D. perfectly inelastic.
Describe the potential negative effects of an additional tax on the sale of all-terrain vehicles (ATVs) within the United States
What will be an ideal response?
Which of the following was not a factor that contributed to improved productivity from 1995 to 2009?
A. Surging investment B. Falling energy prices C. Advances in information technology D. Decreased costs for higher education
The statement, "Violent crime has decreased in the last five years," is:
A. obviously wrong and, therefore, cannot be a positive statement. B. normative since it can be answered by simply looking at the facts. C. positive because it is testable. D. not very interesting because all normative issues are of little importance.