Which term describes the ability of people to easily and quickly convert their shares into cash by selling them on the open? market?
A. Potential for conflict
B. Reporting requirements
C. Liquidity
D. Limited liability
E. Longevity
C. Liquidity
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The above figure shows the long-run cost curves for a typical firm in a competitive market. If the number of firms is unrestricted and input costs are constant, derive the long-run market supply curve
What will be an ideal response?
Related to the Economics in Practice on page 235: In 2010, Tesla Motors decided to become a public company by offering shares of stock to the public on a stock exchange. Like most other firms, Tesla relied on ________ to manage the sales of stock from its Initial public offering.
A. inside management B. the Federal Reserve C. investment banks D. its board of directors
The key demand-side factors that cause the depletion of finite natural resources are:
A. Population and productivity B. Productivity and per capita consumption C. Per capita consumption and efficiency D. Population and per capita consumption