You Purchased a Futures Contract on Corn at a Futures

question 33

Multiple Choice

You purchased a futures contract on corn at a futures price of 350 and at the time of expiration the price was 352.What was your profit or loss?

• A)$2.00
• B)-$2.00
• C)$100
• D)-$100
• E)None of the above

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Definitions:

Positive Externalities

External benefits.

Common Resource

A type of good that is non-excludable but rivalrous, meaning it is available to everyone but its consumption by one person can limit availability to others.

Property Rights

Legal rights to possess, use, and dispose of assets.

Political Engagement

The active participation of individuals in political activities or processes to influence public policy or decision-making.