Stocks and bonds issued in banking-oriented systems are rather __________ because they are traded __________
A) liquid; frequently
B) liquid; infrequently if at all
C) illiquid; frequently
D) illiquid; infrequently if at all
D
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If each of us relied exclusively on the market to determine what to buy, we would probably end up with few, if any:
A. streetlights. B. strawberries. C. televisions. D. raincoats.
One of the reasons that Real Gross Domestic Product is not synonymous with social welfare is
A. things produced by people under 18 are not counted. B. quality has remained steady. C. people substitute between goods. D. it ignores the value of leisure.
The four criteria that are frequently used in judging the outcome of economic policy are
A. efficiency, equity, profitability, and stability. B. efficiency, equality, stability, and economic growth. C. efficiency, equity, stability, and economic growth. D. efficiency, equality, profitability, and stability.
If the rent controlled rent is above the equilibrium, the result will be
A. a surplus of rental apartments. B. that landlords will charge more than the equilibrium rent. C. nothing different than if there were no rent control. D. a shortage of rental apartments.