If increasingly more units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two goods is

Refer to Figure 3-5. In a free market such as that depicted above, a shortage is eliminated by

A) a price decrease, decreasing the supply and increasing the demand. B) a price increase, increasing the quantity supplied and decreasing the quantity demanded. C) a price increase, increasing the supply and decreasing the demand. D) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.

Forward transactions originated in the market for

A) common stock. B) corporate bonds. C) government bonds. D) agricultural and other commodities.