If an asset cannot be sold quickly for cash without much loss of value, it is called:
A. illiquid.
B. liquid.
C. durable.
D. fixed.
A. illiquid.
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Indicate whether the statement is true or false
When moving along a demand curve, which of the following changes?
A) the consumers' incomes B) the price of the good C) the number of buyers D) the consumers' preferences E) the prices of other goods
The major factor contributing to the depreciation of the dollar in 2007-2008 was:
A) higher U.S. interest rates resulting in lower capital outflows. B) lower U.S. interest rates resulting in higher capital outflows. C) higher U.S. interest rates resulting in higher capital outflows. D) lower U.S. interest rates resulting in lower capital outflows.
Total surplus is in which type of market will be highest?
A. Perfect competition B. Monopoly C. Equally in perfect competition and monopoly D. Natural monopoly