Answer:
Correct Answer:
C) I and IV
Explanation:
In stock market, any security equal or senior to one listed on the NYSE is a covered security. Because, it is guaranteed by a Federal law. Municipal bonds are a covered security except in their state of issuance.<em> On the other-hand, Pink Sheet and OTC Bulletin Board securities are not considered covered.</em>
A cartel differs from a monopoly in that B) businesses making the same product agree to limit production. A cartel is an agreement between producers of goods, usually primary products like oil or natural gas, who work together to set a price at an agreed upon price that is a distortion above of what the market's equilibrium price would be for the good without the cartel's intervention.
Answer:
The correct answer is option B.
Explanation:
Because of drought, the supply of wheat will decline. This will cause the supply curve to move to the left. As a result, the price of wheat will increase.
Wheat is used as an input in the production of bread. The rise in the price of wheat will lead to an increase in the cost of producing bread. This increase in the cost of production will lead to a decline in supply.
The reduction in the supply of bread will move the supply curve to the left. This will further cause an increase in the price of bread. As potato is a substitute good for bread, an increase in the price of bread will cause the demand for potatoes to rise.
