When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage, and market price will likely rise in the future to eliminate the shortage

The financial crisis and recession which began in 2007

A) was only severe in the United States. B) impacted only low-income countries. C) had a global impact. D) impacted only high-income countries.

How are daily gains and losses settled in the futures market?

A. Gains and losses are not realized until the party either accepts delivery or delivers the product at the end of the contract. B. Through withdrawals and deposits in the owners' personal savings account. C. Through withdrawals and deposits in the margin account. D. Through direct cash transfers between the buyer and a seller of each contract.