If you purchase a $100,000 interest-rate futures contract for 110, and the price of the Treasury securities on the expiration date is 106, your ________ is ________

Consider the two graphs above. Suppose rising fuel costs makes it more expensive to move goods to and from warehouses. This would ________ the desired level of inventories, as depicted in graph ________

A) increase; B B) increase; A C) decrease; B D) decrease; A

Scarcity implies that people must

A) be miserable. B) be selfish. C) make choices. D) not be selfish.