An asset is said to be illiquid when:
a. it lacks purchasing power.
b. it cannot act as a store of value.
c. it is an illegal tender.
d. it cannot be readily exchanged for goods.
e. it cannot be used to settle debts.
d
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Refer to the table above. What is the equilibrium price of notebooks?
A) $4 B) $6 C) $2 D) $7
The catch of American lobster off the shores of New England is regulated using quotas. If the quota is set correctly, then at this quantity, the marginal social cost ________ the marginal social benefit
A) is less than B) is greater than C) is not comparable to D) equals
Acquiring information on a bank's activities in order to determine a bank's risk is difficult for depositors and is another argument for government
A) regulation. B) ownership. C) recall. D) forbearance.
Shares in XM Radio currently sell for $20. If the satellite it plans to launch works well, the share value will increase by $35. If the satellite fails to function, the share price will fall by $5. The expected return of the stock is
a. 25%. b. 50%. c. 75%. d. 100%.