An Asset Is Liquid If

question 15

Multiple Choice

An asset is liquid if

• A) it earns interest.
• B) it is backed by a government guarantee.
• C) it can be exchanged for other items of value without high transaction costs.
• D) All of the above are correct.

Understand the ethical considerations and controversies surrounding the process of flagging in standardized testing.

Understand the concept of bias in testing.

Identify specific areas where bias can occur in testing.

Understand different outcome research strategies and their purposes in counseling.

---

Definitions:

Deadweight Loss

An economic inefficiency that occurs when a market is not in competitive equilibrium, leading to a loss of economic value.

Price Discriminate

A pricing strategy where the same product or service is sold at different prices to different customers, based on their willingness to pay.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefits to society.