Speculators Are a Necessary Component of Well-Functioning Futures Markets

question 8

True/False

Speculators are a necessary component of well-functioning futures markets.

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Definitions:

Newlands Reclamation Act

A 1902 U.S. law that funded irrigation projects for the arid lands of 20 states in the American West, aiming to encourage agriculture through water management.

Riparian Rights

Legal entitlements of landowners to access and use water from a river, stream, or other watercourse flowing adjacent to their land.

Conservation Movement

A social and political effort aimed at preserving, protecting, and restoring the natural environment from degradation and exploitation.

Forest Reserves

Public lands set aside to preserve forest ecosystems, protect watersheds, and support biodiversity conservation.