Which of the following assets has the greatest liquidity?
a) Checking account
b) Share of stock
c) Savings bond
d) Real estate
Ans: a) Checking account
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Suppose that the U.S. undertakes a policy to increase its saving rate. This policy will likely
a. have no impact on the growth rate of real GDP per person. b. decrease the growth of real GDP per person for a few years. c. increase the growth of real GDP per person for several decades. d. permanently increase the growth rate of real GDP per person.
The price elasticity of demand for many agricultural products is (absolute value) less than 1, meaning that these products are inelastic in demand
Indicate whether the statement is true or false
If we moved from point T to point R we would be
A. giving up trips for more transplants.
B. giving up transplants for more trips.
C. gaining both trips and transplants.
D. losing both trips and transplants.
Locating an American automobile factory in Chad is likely to
a. be successful (profitable) because the workers' wages are low b. be successful (profitable) because Chad workers would be appreciative of the opportunity to work with modern machinery so that their productivity would be high c. be unsuccessful (unprofitable) because of the absence of an infrastructure d. be unsuccessful (unprofitable) because the Chad economy would be operating at more than full employment so that prices and wages would rise e. be successful (profitable) because basic resources (such as raw materials) used in auto production would be exploited fully and would be cheaper than in the U.S.