In a negative income tax program, the higher the income earned, the higher will be the family's after-tax income

When the financial institution is hedging interest-rate risk on its overall portfolio, then the hedge is a

A) macro hedge. B) micro hedge. C) cross hedge. D) futures hedge.

Opportunity cost can best be defined as the

A. value of what must be given up in order to acquire an item. B. money cost to the buyer to acquire a good or service. C. total value of all the other items that otherwise could be acquired. D. cost to the seller to produce an item. E. time cost to obtain the money to buy an item.