Anthropologist E. T. Hall in his book The Silent Language said that:
a. What people do is more important than what they say
b. Silence is meaningful
c. Conflict is everything
d. Beware of underlying messages
A
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Fill in the blank: Rebecca goes to the hairdresser more often now that her salary has increased. For Rebecca, the hairdresser's service is probably ________
A) a normal good B) an inferior good C) a free good D) a bad
The New York Stock Exchange handles only about 10 percent of all stock market transactions in the United States.
Answer the following statement true (T) or false (F)
Liquidity can be defined as the
A. cash value of money. B. value of money adjusted for inflation. C. value of fiat money when used for spending. D. ease with which an asset can be converted to a spendable asset.
Refer to the above figure. A unit tax has been placed on the good. The consumer pays what amount of the tax?
A) none of the tax B) P2 - P0 C) P2 - P1 D) P1 - P0