The proportionate difference between the current forward exchange-rate value of a currency and its current spot value is the ________ premium.

Your authors argue that, since the 1960s in the U.S

A) poverty has substantially decreased. B) inequality has substantially increased. C) poverty has substantially increased. D) inequality has substantially decreased.

Which of the following is a characteristic of pure monopoly?

A. Close substitute products. B. Barriers to entry. C. The absence of market power. D. "Price taking."