In what way are other assets less liquid than money?
What will be an ideal response?
You incur transactions costs when you exchange other assets for money.
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When the United States imposes a tariff on an imported good, the
A) quantity of the good produced in the United States decreases. B) amount imported increases. C) price of the good in the United States falls. D) outcome becomes more efficient. E) quantity of the good purchased in the United States decreases.
Say you had an 8 A.M. economics class, and you only come to campus to attend your economics class. The cost of coming to the economics class would then include: a. the value of the time it took to drive to campus. b. the cost of the gasoline it took to get to campus. c. the cost of insuring the car for that day
d. a. and b.
Based on the following information, what is the amount of public saving? ReceiptsExpendituresFederal and Government2,5002,000State and Local Governments1,2001,500
A. -300 B. +200 C. +3,700 D. +2,500
In general, someone who values a lottery at LESS than its expected value is
A. risk loving (a.k.a. "risk seeking") B. risk neutral C. risk averse (a.k.a. "risk avoiding")