Which list ranks assets from most to least liquid?
a. currency, fine art, stocks
b. currency, stocks, fine art
c. fine art, currency, stocks
d. fine art, stocks, currency
b
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If private property rights were established in the oceans, there would probably be
A. more ocean pollution. B. less ocean pollution. C. the same amount of ocean pollution that exists without private property rights in the ocean. D. more ocean voyages on cruise ships.
The AD, SRAS, and LRAS curves each show a relationship between which two economic variables?
A) The aggregate price level and output B) The aggregate price level and the interest rate C) Output and unemployment D) Output and the interest rate
A current account deficit in a nation's balance of payments accounts implies that
a. imports are equal to exports. b. exports exceed imports. c. expenditures are more than income. d. income is more than expenditures.
We worry that false negatives occur too often relative to false positives due to
a. Most hypotheses being false b. It being appropriate to set a high standard for acceptance of a hypothesis c. Managers having an incentive to make a false negative conclusion because they are harder for superiors to observe d. They are not too common