Which one of the following items would be the most liquid?
a. Pizza.
b. Ticket to next week's basketball game.
c. Stereo.
d. Dollar bill.
e. U.S. savings bond.
d
Economics
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The income elasticity of demand is largest for
A) food. B) clothing. C) shelter. D) luxuries.
Economics
As the price level in an economy increases, firms receive lower revenues for their output and thus increase production in the short run
a. True b. False Indicate whether the statement is true or false
Economics