The ease with which an asset can be converted into a medium of exchange is:
a. currency convertibility.
b. asset convertibility.
c. convertibility.
d. money convertibility.
e. liquidity.
e
You might also like to view...
When the home country is small, how will an increase in a tariff protecting a home monopolist affect the home country's demand curve?
a. There will be an upward parallel shift in the demand curve. b. The demand curve will pivot upwards from its vertical intercept. c. There will be a downward parallel shift in the demand curve. d. The demand curve will pivot downwards from its vertical intercept.
If an Engel curve has a positive slope
A) both goods are normal. B) the good on the horizontal axis is normal C) as the price of the good on the horizontal axis increases, more of both goods in consumed. D) as the price of the good on the vertical axis increases, more of the good on the horizontal axis is consumed.