Why are forward contracts typically illiquid?
What will be an ideal response?
Because forward contracts usually contain terms specific to the particular buyer and seller involved in a transaction, selling the contract is difficult because a buyer would have to accept the same terms.
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Which group has undermined international norms, including those which indicate which actors can rightfully use force to achieve their goals?
a. transnational advocacy networks b. norm entrepreneurs c. refugees d. transnational terrorists
Which of the following is true (assume the small country case)?
A) With a quota, an increase in demand leads to a higher price and more imports. B) With a tariff, an increase in demand leads to a higher price and more imports. C) With either a tariff or a quota, an increase in demand leads to a higher price and more imports. D) None of the above are true.