Liquidity is the ease with which an asset can be converted into the economy’s medium of exchange.
Answer the following statement true (T) or false (F)
True
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Use the information in the table above to calculate the value of government saving
A) $15 million B) -$5 million C) $5 million D) $45 million
The figure above shows the demand curve for pizza. Using the midpoint method and moving from point A to point B, calculate the
a) percentage change in price. b) percentage change in quantity demanded. c) price elasticity of demand.
Opponents of rule-determined policies might point out that ________
A) markets self-correct quickly so rules become obsolete B) unforeseen changes in the structure of the economy may make a rule obsolete C) policies that kick in at the wrong time may lead to undesirable results D) all of the above E) none of the above
An appreciation in the U.S. dollar benefits which of the following groups of people?
a. All people living in the United States. b. U.S. producers who export farm equipment to other countries. c. U.S. consumers who buy imported automobiles. d. Foreigners who wish to travel to the United States. e. U.S. consumers who buy only goods made entirely in the United States.