Liquidity is:
A. sufficient liabilities to cover long-run assets.
B. having assets that can be readily converted into cash.
C. having liabilities that can be readily converted into cash.
D. sufficient assets to cover long-run liabilities.
Answer: B
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The above figure shows the Lorenz curve for wealth for the nation of Rusha. What percent of wealth is owned by the wealthiest quintile?
A) 0 percent B) 5 percent C) 40 percent D) 60 percent
The money supply schedule is
A) horizontal because is set by the central bank while P is taken as given. B) horizontal because is set by the central bank. C) vertical because is set by the households and firms while P is taken as given. D) vertical because and P are set by the central bank. E) vertical because is set by the central bank while P is taken as given.
Answer the following statements true (T) or false (F)
1) If a firm maximizes its expected profit, it will never produce the quantity that maximizes actual profit. 2) The R2 of a regression measures how closely the predicted values match the actual values. 3) In reality, obtaining a forecast regression with a R2 equal to 1 is possible. 4) The more variable a firm's demand, the smaller the difference between the quantity produced with no information about demand and quantity produced with a perfect forecast of the demand. 5) The flatter a firm's marginal cost curve, the more sensitive the quantity produced is to changes in the firm's demand.
A street light is
a. rival and exclusive, and therefore is a public good b. nonrival, but since it is exclusive, it is a private good c. exclusive, but since it is nonrival, it is a public good d. nonrival and nonexclusive, and therefore is a public good e. nonrival and nonexclusive, and therefore is a private good