Which of the following statements is correct?
a. The financial assets in M1 and M2 can be stored but not spent.
b. All the financial assets in M1 can be spent.
c. All the financial assets in M2 can be spent.
d. All the financial assets in M1 and M2 can be spent.
e. The financial assets in M2 are more liquid than the ones in M1.
.B
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Which of the following is a result of a rent ceiling set below the equilibrium rent? I. equity in the housing market II. efficient allocation of resources III. a shortage of housing units
A) I and II B) I and III C) II only D) III only
If global warming began to cause random world-wide damage to crops, insurance companies
A) would insure against specific crop failures. B) would not insure against specific crop failures. C) would be indifferent between insuring or not. D) would find themselves facing prosecution for ignoring the problem for so long.