The ease and quickness with which an asset can be exchanged for goods, services, or other assets is its
A. liquidity.
B. time to maturity.
C. velocity.
D. risk.
Answer: A
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Which of the following is the formula for the growth rate of multifactor productivity written so that the first term in the equation represents the growth rate of labor productivity?
A) y + bk + (1 - b)n B) y = a + bk + (1 - b)n C) a = y - bk - (1 - b)n D) a = (y - n) - b(k - n)
A change in the full-employment quantity of labor... the short-run aggregate supply curve and... the long-run aggregate supply curve
What will be an ideal response?
If a meat packing plant has 30 employees, each employee has a 1 in 90 chance of getting injured on the job, and the cost of treating a job-related injury is $18,000, then the annual cost per injury for each employee is
A) $6.67. B) $200. C) $600. D) $6,000.
For each surfboard that Australia produces, it gives up the opportunity to make 25 boomerangs. New Zealand can produce 1 surfboard for every 15 boomerangs it produces
Which of the following is true about the comparative advantage between the two countries? A) Australia has the comparative advantage in producing surfboards. B) New Zealand has the comparative advantage in producing surfboards and boomerangs. C) Australia has the comparative advantage in producing boomerangs. D) New Zealand has the comparative advantage in producing boomerangs.