Spot Markets Are Generally Preferable to

question 98

Multiple Choice

Spot markets are generally preferable to

• A)long-term contracts.
• B)short-term contracts.
• C)vertical integration.
• D)none of the statements associated with this question are correct.

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Definitions:

Constitutional Amendment

A formal change or addition proposed to a constitution, which then requires ratification to become part of the document.

Balanced Budget

A financial statement or situation where total expected revenues are equal to total planned expenditures, without any deficit or surplus.

Automatic Stabilizers

Economic policies and programs that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance and progressive taxation, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.