An Option Is a Contract That

question 59

Multiple Choice

An option is a contract that
​
All of these.

• A)gives the holder the right to buy or sell a specific asset.
• B)specifies a predetermined price.
• C)specifies a time period.
• D)All of these.

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Definitions:

Factors Of Production

The resources including labor, land, capital, and entrepreneurship, that are used in the production of goods and services.

Laboratory Experiments

Controlled experiments typically conducted in a lab setting to study behavior or test hypotheses in economics and other sciences.

Markets For Factors

Markets where factors of production such as labor, capital, and land are bought and sold.

Goods And Services

Physical products and intangible activities that fulfill the wants or needs of consumers and can be offered in a market for acquisition.