A put option that is described as in the money would find:
A. the market price of the stock above the strike price.
B. the market and strike prices are the same.
C. the option has been exercised.
D. the strike price is above the market price of the stock.
Answer: D
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A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates
A) the law of supply. B) the law of demand. C) a change in supply. D) the nature of an inferior good.
Suppose a small economy produces only HD TV sets. In year 1, 100,000 sets are produce and sold at a price of $1,200 each. In year 2, 100,000 sets are produced and sold at a price of $1,000 each. As a result:
A. Nominal GDP stays constant, while real GDP decreases B. Nominal GDP decreases, while real GDP stays constant C. Nominal GDP and real GDP both decrease D. Nominal GDP decreases, and real GDP decreases even more