Liquidity is defined as
A) the ease with which a given asset can be converted to a store of value.
B) the ease with which a given asset can be converted to a unit of account.
C) the ease with which a given asset can be converted to a standard of deferred payment.
D) the ease with which a given asset can be converted to a medium of exchange.
Question 2
What is an isoquant? What is the slope of an isoquant?
What will be an ideal response?