If an asset cannot be sold quickly for cash without much loss of value, it is called:

A. illiquid.
B. durable.
C. liquid.
D. fixed.


Answer: A

Economics

You might also like to view...

Refer to Scenario 14.2. What is the marginal revenue product of the 4th worker?

A) 20 B) 25 C) 30 D) 32.5 E) 35

Economics

Price floors typically improve market efficiency

a. True b. False Indicate whether the statement is true or false

Economics

A production possibilities frontier is a diagram that shows the combinations of output that an economy can produce, given its current factors of production and level of technology

a. True b. False Indicate whether the statement is true or false

Economics

What is a disadvantage of operating a sole? proprietorship?

A. Single layer of taxation B. Simplicity C. Flexibility and control D. Privacy E. Finite life span

Economics