________ is the ease with which a financial security can be exchanged for money.
A) The face value B) The rate of return C) Risk D) Liquidity
Question 2
A free market fails when
A) firms that produce goods which create positive externalities go bankrupt.
B) firms that produce goods which create negative externalities earn high profits.
C) there is an external effect in either production, consumption, or both.
D) there is government intervention.