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Author Question: An asset that can easily be exchanged for goods and services is referred to as: a. an intangible ... (Read 117 times)

washai

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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.


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sultansheikh

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


washai

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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