If the price of a digital SLR camera in Japan is ¥55,000 . and the exchange rate is 93 ¥/$, calculate the dollar price of the digital SLR camera in Japan

A futures contract involves counterparty risk and illiquidity

a. true b. false

Which of the following increases the supply of corn?

a. Farmers that grow soybeans can also grow corn, and the price of soybeans drops by 75 percent. b. Congress and the President eliminate subsidies formerly paid to corn farmers. c. The farm worker's union successfully negotiates a pay increase for corn harvest workers. d. The Surgeon General announces that eating corn bread contributes to baldness in men.