If person A sells a 2003 Treasury bond futures contract to person B, in market terminology,
A) A is long and B is short.
B) A is short and B is long.
C) A is short and B is the broker.
D) A is long and B is the dealer.
B
Economics
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The game in Scenario 13.8 is
A) variable-sum. B) constant-sum. C) cooperative. D) a Prisoner's Dilemma. E) a Conjoint Crux.
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The marginal physical productivity of labor is:
a. the slope of the total output curve at the relevant point. b. the negative of the slope of the total output curve at the relevant point. c. the slope of the line connecting the origin with the relevant point on the total output curve. d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Economics