Instruments so widely accepted and purchased by others that they are very similar to cash are known as
a. liquid assets
b. hard assets
c. corporate assets
d. marketable securities
e. none of the above
d. marketable securities
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Mobile source standards in the U.S. are solely benefit-based, which means they are set
a. to achieve allocative efficiency b. to maximize total social benefits c. at the point where MSB is maximized d. at the abatement level where MSC is zero e. none of the above
What is the "good news" and the "bad news" about a higher value of the U.S. dollar?
What will be an ideal response?
Bennie's Top Factory produces 1,000 tops per day for a total daily revenue of $2,000 . Bennie's total costs would rise by $2 if it produced the 1,001st top. Because marginal revenue and price are equal and constant,
a. profit would rise by $2 if Bennie produced one additional top b. profit would fall by $2 if Bennie produced one additional top c. profit would not change if Bennie produced one additional top d. profit will fall by some unknown amount if Bennie produced one additional top e. the total cost curve must have shifted to the left
The rental market for textbooks is predicted to
A. increase costs to students B. decrease royalty payments to authors. C. increase royalty payments to authors. D. have no impact on royalty payments to authors.