During the global financial crisis of 2008, as more people started selling their houses in fear of falling house prices, the house prices fell further. This is an example of a(n) ________

Liquidity is the same as

A) easy conversion of money to an asset, allowing for loss of value. B) diversification of an investor's store of value. C) easy conversion of an asset to a means of payment, allowing for loss of value. D) easy conversion of an asset to a means of payment, with little or no loss of value.

The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the

A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.