Liquidity of an asset refers to:
a. its level of risk.
b. whether it is held domestically or overseas.
c. the ease with which it can be sold.
d. its volatility.
Ans: c. the ease with which it can be sold.
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Each of the HPAE promoted manufactured exports
Indicate whether the statement is true or false
Assume that eggnog and cookies are complements. If the price of eggnog goes up, what happens to the demand for cookies?
a. Demand for cookies increases. b. Demand for cookies decreases. c. Demand for cookies remains unchanged. d. The shift in demand will depend on the original price of cookies.
A reduction in regulation will shift the aggregate:
a. supply curve leftward. b. supply curve rightward. c. demand curve leftward. d. demand curve rightward.
A tax places a wedge between the price buyers pay and the price sellers receive
a. True b. False Indicate whether the statement is true or false