In the short run, the expansion path is
A) horizontal.
B) vertical.
C) diagonal.
D) indeterminate.
A
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__________ are never borrower-spenders
A) Governmental bodies B) Business firms C) Households D) All of the above can be borrower-spenders.
The liquidity of an asset indicates: a. its buying power
b. the ease with which it can be converted into cash without a significant loss of value. c. the ease with which it can be converted into another asset. d. how likely people are to trade it internationally. e. its intrinsic value.
the most commonly used negative incentive by firms is
What will be an ideal response?
Under a system of marketable pollution permits, the government:
A. chooses a level of pollution. B. distributes permits to polluting firms. C. allows firms to trade permits. D. All of these