A financial asset is considered ________ if it can be bought or sold in a financial market

Refer to the figure above. Which of the following statements is true when the credit demand curve is CD2 and the credit supply curve is CS1?

A) At all rates of interest below 7% there will be an excess demand for credit. B) At all rates of interest below 5% there will be an excess demand for credit. C) At all rates of interest below 6% there will be an excess demand for credit. D) At all rates of interest below 8% there will be an excess demand for credit.

Conrad and Meyer (1958) counter Fogel and Engerman's (1974) claim that slave breeding was a myth by arguing that any profit-maximizing slave owner would consider slave breeding as long as:

(a) The expected rate of return from slave sales fell below the costs of rearing the slave to the age of sale. (b) Slavery was an irrational institution. (c) The expected rate of return from slave sales exceeded the costs of rearing the slave to the age of sale. (d) Slavery was an immoral institution.