Which of the Following Statements Is true

question 79

Multiple Choice

Which of the following statements is true?

• A) The buyer of a futures contract is said to be long futures.
• B) The seller of a futures contract is said to be short futures.
• C) The seller of a futures contract is said to be long futures.
• D) The buyer of a futures contract is said to be short futures.
• E) Choices a and b

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Definitions:

Trash Disposal

involves the collection, processing, managing, and recycling or disposal of waste materials produced by human activity.

Efficient Recycling

The process of collecting, processing, and reusing materials in the most cost-effective, environmentally friendly, and resource-efficient manner.

Scrap

Discarded waste material, especially metal suitable for reprocessing or remnants from manufacturing processes.

Welfare Losses

Economic inefficiencies that occur when there is a divergence from optimal supply and demand conditions, leading to a net loss in social welfare.