Author Question: An asset that can easily be exchanged for goods and services is referred to as: a. an intangible ... (Read 9 times)

washai · **on:** Jun 30, 2018

An asset that can easily be exchanged for goods and services is referred to as:
a. an intangible asset.
b. a productive resource.
c. a liquid asset.
d. a fixed asset.
e. a scarce resource.

Question 2

When there is an excess quantity demanded of a product at the current price, then:
a. the price will tend to fall.
b. the price will tend to rise.
c. the price must be above the equilibrium price.
d. producers will reduce output and sales will fall.