To say an asset is liquid implies that:
A. we are focusing on a category of assets that are in a physically liquid form, like oil.
B. we are considering any asset that can be sold.
C. we are only considering U.S. currency.
D. we are considering assets that may be readily converted into a means of payment.
Answer: D
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Within different price ranges along a linear demand curve, elasticities are:
a. constant. b. different. c. equal. d. the same as slope. e. negative 1.
A pollution tax encourages firms to develop more efficient abatement technology.
A pollution tax encourages firms to develop more efficient abatement technology.
Simple majority rule will almost always generate efficient outcomes
Indicate whether the statement is true or false
Which one of these factors plays a role in determining the extent and duration of frictional unemployment?
A. the ease with which job seekers can obtain information about job openings B. the degree to which the overall level of business activity fluctuates up and down C. the education and skill levels of labor force participants D. the extent to which government legislation requires firms to provide health insurance for employees