Which of the following is more liquid?
A. A privately held company's stock
B. A publicly held company's stock
C. A house
D. A rare painting
B. A publicly held company's stock
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In the above figure, a shift in the budget line in the direction indicated would occur as a result of
A) a decrease in money income. B) an increase in money income. C) a fall in the price of a movie. D) a rise in the price of movie.
Policies that redistribute income
a. reduce the rewards of high-income earners. b. raise the rewards of low-income earners. c. reduce the incentive to earn high income. d. All of the above are correct.
What percentage of Aggregate Expenditure is consumption in recent decades?
a. 22% b. 15% c. 32% d. 70%
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC:
As soon as you see the other island's PPC, you realize there are:
A. no gains from trade because you both have the same comparative advantage. B. gains from trade because your island has a comparative advantage in coconuts. C. no gains from trade because the other island has an absolute advantage. D. no gains from trade because there is no difference in your ability to harvest coconuts.