What Must Be True for Division of Labor to Develop

question 56

Multiple Choice

What must be true for division of labor to develop?

• A)Basic survival needs must be met.
• B)People must live in a biotech society.
• C)People must adhere to societal mandates.
• D)Symbolic needs must be established.

---

Definitions:

Hedge Ratio

A ratio used to calculate the amount of derivatives needed to hedge a position or portfolio, often used to minimize risk exposure.

Delta

A measure in financial markets that compares the change in the price of a derivative to the change in the price of its underlying asset.

Gamma

A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying asset.

Theta

An option Greek that measures the rate of decline in the value of an option due to the passage of time.