_______ refers to how quickly, easily, and reliably an asset can be converted into cash.
a) Barter
b) Fiat money
c) Unit of account
d) Liquidity
Ans: d) Liquidity
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Which of the following factors pushes the per-worker production function of an economy downward?
a. A stable political environment b. A high risk of terror attack c. An increase in educated workforce in the country d. An increase in road networks in the country e. A law encouraging foreign investment
A bear market is one in which prices are expected to rise
Indicate whether the statement is true or false
The public goods problem refers to the tendency for private individuals to provide pure public goods in less-than-socially-ideal amounts because of free riding
Indicate whether the statement is true or false
Which of the following nations had the lowest growth rate between 1960 and 2011?
A) Taiwan B) Chile C) Ethiopia D) South Korea