A Farmer Who Sells a Futures Contract Is Betting That

question 95

Multiple Choice

A farmer who sells a futures contract is betting that prices will _____ at the expiration of the contract.

• A)Decrease
• B)Increase
• C)Remain constant
• D)Guarantee high profits

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Definitions:

Conformity

involves aligning one's attitudes, beliefs, behaviors, and norms to those of a group or society.

Status

The rank an individual holds within a group.

Creativity

The ability to generate innovative ideas and solve problems in novel ways.

Autocratic

An autocratic leadership style is characterized by individual control over all decisions and little input from group members.