The liquidity of an asset refers to the ability of the asset to be converted into cash.
Answer the following statement true (T) or false (F)
True
Liquidity is the ability of an asset to be converted into cash and is an important consideration for prospective bondholders.
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A One-Child Policy was instituted in 1979 in ________
A) Brazil B) South Africa C) India D) China
Which of the following is true? a. Voluntary trades give both parties more in value than what they give up
b. Without the ability to trade, people would not tend to specialize as much in those areas where they had a comparative advantage. c. People can gain by specializing in the production of the good in which they have a comparative advantage. d. All of the above are true.
Suppose the market clearing price is $15 and the price ceiling is $16. The price that prevails in the market will be
A. more than $16. B. $15. C. $16. D. less than $15.
Aggregate supply is
A. the stock of all goods in the economy. B. the sum of all planned production in the economy. C. the summation of all product supply curves. D. the horizontal summation of all supply curves for services.