Which of the following is the most liquid asset?
a. A classic art painting.
b. A commercial building.
c. A savings bond
d. A checking account balance
e. Gold
D
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Explain how inflation can be costly even if it is expected
What will be an ideal response?
The top U.S. multinational corporation in terms of both revenues and assets is
a. McDonald's b. Citicorp c. Microsoft d. Ford e. Exxon
Inventors often obtain patents on new products and processes, thereby turning new ideas into
a. private goods and increasing the incentive to engage in research. b. private goods but decreasing the incentive to engage in research. c. public goods and increasing the incentive to engage in research. d. public goods but decreasing the incentive to engage in research.
If the Bank of Canada conducts open-market sales, how do the money supply and the aggregate demand change?
a. The money supply increases, and aggregate demand shifts right. b. The money supply increases, and aggregate demand shifts left. c. The money supply decreases, and aggregate demand shifts right. d. The money supply decreases, and aggregate demand shifts left.