The "minimum efficient scale" of operation in an industry is defined as the scale of operation in an industry that is least efficient

In a closed economy, private saving, , is equal to

A) I - (G - T). B) I + (G - T). C) I + (G + T). D) I - (G + T). E) I + (G - T) + C.

In the futures market, the difference between the price of the futures and the underlying asset is eliminated by

A) speculators. B) hedgers. C) arbitrageurs. D) longs.