Liquidity refers to
a. the ease with which an asset is converted to the medium of exchange.
b. the measurement of the intrinsic value of commodity money.
c. the measurement of the durability of a good.
d. how many time a dollar circulates in a given year.
a
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Consider a labor market in equilibrium. If the demand curve shifts to the left while the supply curve shifts to the left, then the number of workers hired in the market will:
A. increase. B. decrease. C. remain unchanged. D. either increase or decrease or remain unchanged.
Explain the difference between poverty in the United States and poverty in the rest of the world.
What will be an ideal response?
When firms in an industry reach an agreement to fix prices, divide up market share, or otherwise restrict competition, they are practicing the strategy of:
A. Inter industry competition B. Limit pricing C. Price leadership D. Collusion
List some examples of the scarcity that you face
What will be an ideal response?