The ease with which one asset can be converted into another asset or into goods and services is called:
a. ?durability.
b. ?utility.
c. ?portability.
d. ?liquidity.
e. ?divisibility.
Ans: d. ?liquidity.
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From the table above, which gives data about the U.S. labor market in 1933, the labor force participation rate is
A) 12 percent. B) 48 percent. C) 60 percent. D) 95 percent. E) 65 percent.
Which of the following is consistent with the assumptions of marginal utility theory?
A) As Jose consumes more of one good, his marginal utility from consuming more of that good decreases. B) As Jose consumes more of one good, his marginal utility from consuming more of that good increases. C) As Jose consumes more of one good, his marginal utility from consuming more of all goods decreases. D) As Jose consumes more of one good, his marginal utility from consuming more of all good increases.
What does diminishing marginal utility imply about the shape of a person's demand curve? Explain
What will be an ideal response?
The primary effect of rent control in the short run is to reduce rents
a. True b. False Indicate whether the statement is true or false