Which one of the following assets has the greater liquidity?
a. A $10 pizza
b. A $10 ticket to next week's basketball game
c. A $100 stereo
d. A dollar bill
e. A $200 U.S. savings bond
D
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All final goods and services that make up GDP can be expressed in the form:
a. GDP = C + I + G + (X + M). b. GDP = C + I – G + (X + M). c. GDP = C + I + (X – M). d. GDP = C + I + G + (X – M).
In Exhibit 1, at what quantity and price have all the mutually beneficial opportunities of trade been reached between suppliers and demanders?
a. quantity of four and price of $4
b. quantity of three and price of $5
c. quantity of two and price of $6
d. quantity of one and price of $4
Baseball teams shut down in the winter. This is an example of
A) permanently leaving the industry because price is less than average fixed cost. B) temporarily leaving the industry because price is less than average variable cost. C) temporarily leaving the industry because price is less than average fixed cost. D) permanently leaving the industry because price is less than average variable cost.
Asymptotic distribution theory is
A) not practically relevant, because we never have an infinite number of observations. B) only of theoretical interest. C) of interest because it tells you what the distribution approximately looks like in small samples. D) the distribution of statistics when the sample size is very large.