If inflation is highly volatile:
A. mortgage contracts will likely be less complicated.
B. mortgage contracts will likely be more complicated.
C. there will be no mortgage contracts.
D. there will be no effect on mortgage contracts.
Answer: B
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Government may actually establish temporary monopolies by the issuance of patents and copyrights.
Answer the following statement true (T) or false (F)
Refer to Table 2-16. What is Finland's opportunity cost of producing one cell phone?
A) 0.25 board feet of lumber B) 4 board feet of lumber C) 12 board feet of lumber D) 16 board feet of lumber
If a firm wants to borrow it can
a. supply bonds by selling them. b. supply bonds by buying them. c. demand bonds by selling them. d. demand bonds by buying them.
What best explains the difference between the two graphs in the Accounting Profits versus Economic Profits table?
a. Accounting profits are smaller than economic profits because they factor in explicit costs.
b. Economic profits are smaller than accounting profits because they factor in implicit costs.
c. Economic profits are smaller than accounting profits because they do not factor in implicit costs.
d. Accounting profits are smaller than economic profits because they do not factor in explicit costs.