Which of the following is a basic question answered by an economic system?
a. for whom goods and services are produced.
b. how goods and services are produced.
c. what goods and services are produced.
d. all of these.
d
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A simultaneous improvement in the technology used to produce computers and increase in the number of buyers in the computer market would cause the equilibrium price of computers to drop but have an uncertain effect on equilibrium quantity
Indicate whether the statement is true or false
A corporate bond is not as liquid as cash because the bond
A) cannot be converted to spendable dollars either until it matures or is sold to another investor. B) can be exchanged only for the goods or services produced by the company that issued the bond. C) must be exchanged for a stock certificate before it can be converted to spendable funds. D) represents an exchange for gold only.