Refer to the Information Provided in Figure 14

question 63

Multiple Choice

Refer to the information provided in Figure 14.2 below to answer the questions that follow.
Figure 14.2
-Refer to Figure 14.2.According to classical economists if the wage rate is

• A)$15,the wage rate will decline to eliminate the surplus.
• B)$15,the wage rate will increase to eliminate the shortage.
• C)$6,the wage rate will decline to eliminate the surplus.
• D)$15,the wage rate will decline to eliminate the shortage.

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Definitions:

Margin Deposit

A margin deposit is an initial sum deposited to cover potential losses when borrowing capital for investing, typically in a margin account for trading securities.

Open Interest

The number of futures contracts outstanding.

Silver Futures

Contracts to buy or sell silver at a future date at a price that is agreed upon today, used for hedging or speculating on the future price of silver.

Agricultural Futures

Futures contracts that are focused on agricultural commodities like wheat, corn, soybeans, and others, allowing farmers and investors to hedge against or speculate on price movements.