Which of the following is not a financial asset?
a. a corporate bond
b. a piece of real estate
c. an IOU
d. a share of Coca-Cola stock
e. a Treasury bond
B
You might also like to view...
When the government fixes its exchange rate
a. it creates an unfavorable balance of trade b. it creates trade surpluses c. it does so to allow the exchange rate to reach equilibrium d. it acts as an arbitrager e. it is not unlike a government policy to control agricultural prices
An unplanned economy operating under laissez faire
a. allocates resources by market supply and demand. b. cannot respond to basic questions about production and distribution. c. shows breakdowns with frequent surpluses and shortages. d. allocates goods and services under government subsidy.
Private goods are not excludable.
Answer the following statement true (T) or false (F)
A product market is in equilibrium:
A. whenever there is no surplus of the product. B. whenever there is no shortage of the product. C. when consumers want to buy more of the product than producers offer for sale. D. where the demand and supply curves intersect.