A trader that is long in the futures market has purchased a futures contract

a. true
b. false

Ans: a. true

Economics

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An increase in U.S. demand for Japanese made cars (made in Japan) would, other things equal, increase the U.S. financial account surplus

a. true b. false

Economics

Say's Law is the claim that the aggregate value of goods and services produced necessarily:

A. increases over time. B. will decrease over time. C. creates a smaller value of aggregate demand for those goods. D. creates an equal value of aggregate demand for those goods.

Economics