An asset is considered liquid if it
A) can be used as a store of value.
B) has a guaranteed rate of return.
C) is indexed to the rate of inflation.
D) acts as a medium of exchange.
E) none of the above
E
Economics
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If your lawn and shrubs were killed by the fumes from a nearby factory and you hired a lawyer to sue the polluting firm, your legal fees would be considered
A) external costs. B) transactions costs. C) the social costs of pollution. D) sunk costs.
Economics
When quantity supplied equals quantity demanded, there is:
a. disequilibrium b. excess quantity supplied. c. a market-clearing price (equilibrium price). d. excess quantity demanded. e. a shortage.
Economics