In which of the following categories would an agreement to trade currencies in pre-set amounts at a certain date in the future be included?
a. an option
b. a futures contract
c. a forward contract
d. a swap
Ans: b. a futures contract
Economics
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Some economists warn that "prices aren't everything" in considering agricultural policy. What other issues may slow development, even if prices are "right"?
What will be an ideal response?
Economics
Compared to the long run, consumers typically ____ to price changes in the short run
a. are very responsive b. are more demand sensitive c. are less demand sensitive d. do not respond at all e. overreact
Economics