Bonds are a __________ liquid asset than other loans because they _____________.
A. more; are standardized
B. more; are guaranteed from default by the government
C. less; are standardized
D. less; are guaranteed from default by the government
A. more; are standardized
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The marketing people at Ben and Jerry's Ice Cream Company believe that if they lower the price of their Cherry Garcia flavor ice cream by 25 percent, the quantity demanded will increase by 5 percent. If they are correct in their belief, then
A) the demand for Cherry Garcia is price elastic. B) their total revenue from Cherry Garcia will increase if they lower the price. C) the demand for Cherry Garcia is income elastic. D) their total revenue from Cherry Garcia will decrease if they lower the price.
The demand for computers has risen dramatically at the same time that the unit cost of production has decreased. As a result, we can expect
a. a decrease in price and no predictable impact on output. b. a definite decrease in price and increase in output. c. an increase in output with no predictable change in price. d. no predictable changes in either price or output.