The Art in Scientific Thinking Is

question 208

Multiple Choice

The art in scientific thinking is

• A)finding the right problem to study.
• B)deciding which assumptions to make.
• C)the ability to make an abstract subject easy to understand.
• D)not something in which economists have to be skilled.

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Definitions:

Position

In finance, a position refers to the amount of a particular asset or security that is owned by an individual or entity.

Futures Contract

A contractual arrangement to purchase or sell a specific financial instrument or commodity at a set price on a future date.

Basis

The difference between the spot price of an asset and its future price, or the cost basis of an investment.

Futures Price

The agreed price for the future delivery of assets in a futures contract.