Which of the following assets is the most liquid?
a. Money market mutual fund shares.
b. Certificates of deposit.
c. Dollars.
d. Passbook savings deposits.
c
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Suppose the Swiss franc rises against the British pound but falls against the Japanese yen. What happens to the prices of goods imported into Switzerland?
A) Both British and Japanese goods fall in price. B) Both British and Japanese goods rise in price. C) British goods rise in price while Japanese goods fall in price. D) British goods fall in price while Japanese goods rise in price.
The opportunity cost of capital is
A) the rate of return realized on an investment. B) the rate of return that could be earned by the owner's capital were it used elsewhere. C) the rate used to calculate a firm's tax liability. D) the rate of interest the government uses to calculate legal business tax penalties.
Which of the following statements is incorrect? a. Demand and supply curves for labor are constantly shifting
b. The typical unemployment compensation in the United States is one's full salary for up to 26 weeks. c. Unemployment compensation decreases the opportunity cost of being unemployed to a worker. d. Unemployment compensation encourages longer job searches, which may lead to a better match between jobs and employees.
What happens when there is a sudden increment or decline in the supply of a specific product which affects equilibrium?
a. Capital flight b. Economic equilibrium c. Elasticity of supply d. Supply shock