Derivatives:
a. can be used to reduce risk
b. can be a source of risk
c. made the financial crisis of 2007-2009 not as bad as it would otherwise have been
d. a and b only
e. all of these
d
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The quantity of labor an individual supplies to any market
a. always increases as the market wage rate rises b. is contingent upon the wage rates offered in other labor markets c. always decreases as the market wage rate rises d. could never be zero over the realistic range of wage rates e. depends only on the opportunity cost of the individual's time in other labor markets
Refer to the table below. In moving from combination a to e, the marginal rate of substitution of X for Y:
The table shows an indifference schedule for several combinations of X and Y.
A. Increases
B. Decreases
C. Stays the same
D. Decreases and then increases