Futures contract prices are established

A) through an auction process in the "pit" on the exchange floor.
B) through brokers.
C) through an over-the-counter network of futures dealers.
D) through specialists on the stock and bond exchanges.

A

Economics

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Usually, price elasticities of supply are

A) positive, because higher prices yield larger quantities supplied. B) considered short-run adjustments due to supply constraints. C) ordinarily a negative number based on the law of supply. D) an inverse relationship between price and quantity supplied.

Economics

To guide a person through complicated decisions such as whether to get a particular credit card, behavioral economists advocate electronic disclosure in which characteristics such as late fees and high interest rates would be explained clearly. They call this type of nudge a(n):

A. encouragement nudge. B. information nudge. C. pricing nudge. D. advantageous default option nudge.

Economics