Increasing transactions costs of selling an asset make the asset
A) more valuable.
B) more liquid.
C) less liquid.
D) more moneylike.
C
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Which of the following favors government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts?
a. supply-side economics. b. Keynesian economics. c. monetarist economics. d. Marxian economics.
In which of the following examples should the first country should trade the named product to the second country?
a. Canada can produce lumber products at a lower opportunity cost than the United States. b. The United States can produce cotton fabric more efficiently than India can, but doing so hurts other U.S. industries. c. Italy can produce leather goods more cheaply than Germany can in the absolute sense. d. Russia can produce more oil than Norway, but it incurs higher production costs than Norway does.
For the most part, prior to 2008, banks typically held:
A. excess reserves equal to approximately 100% of deposits. B. excess reserves equal to less than 1% of deposits. C. excess reserves equal to between 10 and 20% of deposits. D. absolutely no excess reserves.
Suppose the aggregate production function is represented by Y = AN. Which of the following expressions represents the number of additional workers required to increase production by one unit?
A) 1/A B) Y/N C) 1/N D) 1/Y E) none of the above